Which Party Is Given the Responsibility of Liquidating a Firm

question 36

Multiple Choice

Which party is given the responsibility of liquidating a firm if it is necessary to do so?

• A) the bankruptcy judge
• B) the creditors of the firm
• C) the bankruptcy trustee
• D) the creditors committee

---

Definitions:

Firecrackers

Small explosive devices designed to produce a large amount of noise, especially in the form of a loud bang; typically used for entertainment or celebration.

Unconditioned Stimulus

In classical conditioning, a stimulus that instinctively and automatically elicits a reflex response without any previous learning.

Pavlov

A Russian physiologist known for his research in classical conditioning, demonstrating how dogs could learn to associate a neutral stimulus with food and respond accordingly.

Classical Conditioning

The process of acquiring knowledge through the relationship between a stimulus present in the environment and one that is naturally existing.