Which of the Following Is an Incorrect Priority of Claims

question 65

Multiple Choice

Which of the following is an incorrect priority of claims in the event of liquidation? (Note: The first item would be paid first.)

• A) Secured creditors, wages due employees, unsecured creditor claims, common shareholders
• B) Secured creditors, unsecured creditor claims, preferred shareholders, common shareholders
• C) Secured creditors, administration expenses, common shareholders, preferred shareholders
• D) Secured creditors, wages due employees, taxes due federal government, preferred shareholders

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Definitions:

Empathy

The capacity to grasp and empathize with someone else's emotions by viewing things from their point of view.

Stress Tolerance

The ability of an individual to endure and manage high levels of stress effectively.

Assertiveness

A communication style in which individuals express their feelings and needs directly and honestly without violating the rights of others.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.