Under a Composition Agreement

question 24

Multiple Choice

Under a composition agreement,

• A)creditors agree to accept less than the face amount of their claims.
• B)debtors in financial difficulty transfer assets "without recourse."
• C)a creditors' committee is initiated with a plan of settlement proposed by the debtor.
• D)the debtor petitions for relief in a bankruptcy court.

---

Definitions:

Boxplot

A visual display of data indicating the five-number summary of a distribution, including the minimum, first quartile, median, third quartile, and maximum.

Percentile

A value below which a given percentage of observations in a group of observations falls, used to understand and interpret data by comparing individuals to a larger sample.

Observations

Data points or pieces of information gathered through the senses or instruments during an experiment or study.

Bell-Shaped

Describes the symmetric shape of a distribution that is highest in the middle and tapers off towards both ends, characteristic of a normal distribution.