A Fraudulent Scheme in Bankruptcy Involves a Protracted Plan to Con

question 47

Multiple Choice

A fraudulent scheme in bankruptcy involves a protracted plan to con a creditor into thinking it is dealing with an upstanding debtor. The debtor makes payments on time and lulls the creditor into shipping more and more goods. The debtor then begins missing payments and tells the creditor it is having cash flow problems. The truth is the debtor has sold the creditor's merchandise and made off with the money. This fraudulent bankruptcy scheme is known as ___.

• A) skimming
• B) looting
• C) bleedout
• D) bustout

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Definitions:

Interval

Generally, the distance between points on a scale. In research terms, interval refers to a scale in which there is an assumption of equal intervals between points on the scale.

Split Half

A reliability measure where a test is divided into two parts, and the scores on both halves are compared to assess the consistency of the test results.

Inter-Item

Pertaining to the relationship or correlation between different items or variables within a dataset or survey.

Validity

The extent to which a test, measure, or research study accurately represents or measures what it is intended to, ensuring the findings are truthful and applicable.