Which of the Following Is an Incorrect Priority of Claims

question 65

Multiple Choice

Which of the following is an incorrect priority of claims in the event of liquidation? (Note: The first item would be paid first.)

• A) Secured creditors, wages due employees, unsecured creditor claims, common shareholders
• B) Secured creditors, unsecured creditor claims, preferred shareholders, common shareholders
• C) Secured creditors, administration expenses, common shareholders, preferred shareholders
• D) Secured creditors, wages due employees, taxes due federal government, preferred shareholders

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Definitions:

Primary Labor Market

Job sectors characterized by high wages, job security, benefits, and opportunities for advancement, often requiring higher education or specialized skills.

Overworked

A state where an individual is subjected to excessive work demands, often leading to stress and a diminished work-life balance.

Harry Braverman

An American Marxist, known for his work on labor and monopoly capitalism, most notably in his book "Labor and Monopoly Capital: The Degradation of Work in the Twentieth Century."

Worker Movements

Collective initiatives by employees aimed at achieving better working conditions, rights, and benefits through organizing and advocacy.