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Group technology (GT) is credited with which of the following benefits?
Plan of Reorganization
A detailed proposal for restructuring a company's finances and operations, typically during bankruptcy proceedings.
Conversion
An unauthorized act that deprives an owner of their property, altering its use or possession without consent.
Consumer Debts
Debts incurred for personal, as opposed to business, needs, typically including credit card debt, auto loans, and mortgages.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a legal process that provides for the liquidation of a debtor's non-exempt assets to pay off creditors. It is often referred to as "straight" or "liquidation" bankruptcy.
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