Bobby Has Fifteen Creditors

question 34

Multiple Choice

Bobby has fifteen creditors.To force Bobby into bankruptcy proceedings,at least three creditors must join the petition and their unsecured claims must add up to at least

• A)$500.
• B)$10,250.
• C)$14,425.
• D)$50,000.

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Definitions:

Cross-selling

A sales technique used to sell additional products or services to an existing customer, often complementing their original purchase.

Adaptive Selling

A sales technique where the approach is tailored to the needs, wants, or interests of the customer, using feedback and interaction cues.

Formula Selling

A predefined sales technique or approach that follows a specific sequence or set of principles.

Upselling

A sales technique where the seller encourages the customer to purchase a higher-end product, an upgrade, or an additional item to make a more profitable sale.