Which of the Following Is NOT an Advantage of Rapid

question 57

Multiple Choice

Which of the following is NOT an advantage of rapid response?

• A)First-mover advantage
• B)Elimination of overhead
• C)Improved morale and communication
• D)Sharper focus on the customer

---

Definitions:

Unsecured Creditors

Creditors who have lent money without obtaining specific assets as collateral, placing them at greater risk in the event of the borrower's bankruptcy.

Secured Creditors

Creditors who have a legal claim to a debtor's collateral in case of default on a loan.

Chapter 13

A type of bankruptcy that involves a reorganization of a debtor's finances under a court-approved plan to repay creditors over time, usually three to five years.

Regular Income

Consistent earnings received by an individual or entity, typically through employment, investments, or business operations.