Which One of the Following Claims on a Firm Would

question 11

Multiple Choice

Which one of the following claims on a firm would be paid first in a bankruptcy liquidation if the court adheres to the absolute priority rule?

• A)Government tax claims
• B)Wages,salaries,and commissions
• C)Consumer claims
• D)Preferred stockholder dividends
• E)Contributions to employee benefit plans

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Definitions:

Attitude

A settled way of thinking or feeling about something, typically reflected in a person's behavior.

Likert Scale

A psychometric scale commonly used in surveys to measure attitudes or opinions, where respondents indicate their level of agreement or disagreement with a series of statements on a linear scale.

Judges

Individuals appointed or elected to rule on legal matters and disputes in courts.

Five-Point Scale

A rating system that measures opinions, experiences, or responses using five distinct options typically ranging from very low to very high.