Which of the Following Statements Is FALSE

question 42

Multiple Choice

Which of the following statements is FALSE?

• A)According to the provisions of the 1978 Bankruptcy Reform Act,U.S.firms can file for two forms of bankruptcy protection: Chapter 11 or Chapter 13.
• B)The Chapter 11 reorganization plan specifies the treatment of each creditor of the firm.In addition to cash payment,creditors may receive new debt or equity securities of the firm.The value of cash and securities is generally less than the amount each creditor is owed,but more than the creditors would receive if the firm were shut down immediately and liquidated.
• C)In the more common form of bankruptcy for large corporations,Chapter 11 reorganization,all pending collection attempts are automatically suspended,and the firm's existing management is given the opportunity to propose a reorganization plan.
• D)While developing a Chapter 11 reorganization plan,management continues to operate the business.

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Definitions:

Withdrawal

A physical and psychological aspect of addiction that occurs when a person experiences anxiety, tension, and cravings after stopping use of an addictive drug.

Tolerance

A physical aspect of addiction that occurs when a person needs to take larger doses of a drug to experience its effect.

Psychological Dependence

The emotional or mental attachment to a substance, behavior, or habit, characterized by a perceived need for the substance or behavior to function normally.

Withdrawal

The process or action of removing oneself from a harmful situation, substance abuse habit, or social engagement.