Which of the Following Claims Is First to Be Paid

question 13

Multiple Choice

Which of the following claims is first to be paid in a Chapter 7 liquidation?

• A) secured creditors
• B) the federal government for taxes due
• C) the expenses incurred by those administering the bankruptcy process
• D) none of the above

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Definitions:

Achieving A Target Return

In finance and business, achieving a target return refers to the goal of obtaining a specific level of profit or return on investment over a given period.

Pricing Strategy

Pricing Strategy encompasses the methods and logic a company uses to set prices for its products or services, influencing demand, profitability, and market positioning.

Profit Objectives

Financial goals set by a company seeking to achieve a specific amount of profit over a certain period.

Target Return

A pricing strategy that sets the price point based on a predetermined return on investment or desired profit margin.