In a Chapter 11 Bankruptcy,a Class of Creditors Is Considered

question 6

Multiple Choice

In a Chapter 11 bankruptcy,a class of creditors is considered to have accepted the bankruptcy plan when:

• A)two-thirds of the class in dollar amount agree.
• B)at least 51 percent of the class in number agree.
• C)at least 90 percent of the members of the class agree.
• D)at least 51 percent of the class in dollar amount and two-thirds of the class in number agree.
• E)one-half of the class in number and two-thirds of the class in dollar amount agree.

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Definitions:

BCG Matrix

A strategic business tool that classifies business units or products into four categories (Question Marks, Stars, Cash Cows, Dogs) based on market growth and market share.

Dogs

Domesticated carnivorous mammals that typically have a long snout, an acute sense of smell, non-retractable claws, and a barking, howling, or whining voice.

Market Share

The portion of a market controlled by a particular company or product, often represented as a percentage of total sales in that market.

SWOT Analysis

A strategic planning tool used to identify and assess an organization's Strengths, Weaknesses, Opportunities, and Threats in relation to competition and market dynamics.