Which One of the Following Will Generally Receive the Highest

question 64

Multiple Choice

Which one of the following will generally receive the highest priority in a bankruptcy liquidation, assuming the absolute priority rule is followed?

• A)Claims by unsecured creditors
• B)Employee wages
• C)Government tax claims
• D)Contributions to employee retirement plans
• E)Bankruptcy administrative expenses

---

Definitions:

Concern For People

The emphasis on the well-being, growth, and satisfaction of individuals within an organization, often considered a leadership quality.

Independent Action

An action or decision made autonomously by an individual or organization without influence or support from others.

Areas Of Expertise

Specific domains or fields where an individual or organization has extensive knowledge and skills.

Management Functions

The main tasks of managers, usually categorized into planning, organizing, leading, and controlling to achieve organizational goals.