Noah Is a Bodybuilder Who Enters the Diet-Supplement Business

question 6

Multiple Choice

Noah is a bodybuilder who enters the diet-supplement business.His supplements,GRO-BIG,become popular because they come in the form of chewable bars that can be sold in grocery and convenience stores.GRO-BIG grows very big indeed.Unfortunately,Noah's expenses are high and he has periodic cash flow problems,though he is not insolvent.His creditors are seeking payment.If he wants to retain control of GRO-BIG operations,his best bet would likely be to

• A)make a proposal to his creditors to liquidate the GRO-BIGbusiness.
• B)encourage one of his creditors to apply for a bankruptcy order.
• C)make an assignment into bankruptcy so that he can extend the time needed to pay his debts.
• D)seek court approval of a scheme of arrangement under the Companies Creditor's Arrangement Act.
• E)make a proposal to the creditors that would give the creditors more if the business operates than if the business is liquidated in bankruptcy.

---

Definitions:

Braden Scale

An assessment tool used in healthcare to predict the risk of developing pressure ulcers by evaluating factors like mobility, moisture, and activity.

Aggressive Prevention

Proactive measures taken to avoid or mitigate potential health problems or risks.

Long-Term Care

A range of services and support systems provided over an extended period to individuals who cannot perform everyday activities due to chronic illnesses, disabilities, or aging.

Reassess

The process of evaluating again, particularly in the context of a patient's condition or situation, to determine if changes or adjustments in care are needed.