If Bankruptcy Were to Occur, ________ Would Have the First

question 118

Multiple Choice

If bankruptcy were to occur, ________ would have the first claim on assets.

• A) preferred stockholders
• B) unsecured creditors
• C) equity stockholders
• D) secured creditors

---

Definitions:

Test Standardization

The process of making a test consistent in terms of administration and scoring to ensure results are comparable across different populations.

SAT

A standardized test commonly used for college admissions in the United States, assessing proficiency in critical reading, math, and writing.

WAIS

Wechsler Adult Intelligence Scale, a standard test used to measure an adult's intellectual and cognitive ability.

Stanford-Binet

An intelligence test designed to measure five factors of cognitive ability: fluid reasoning, knowledge, quantitative reasoning, visual-spatial processing, and working memory.