Which of the Following Is False Regarding Chapter 13 of the Bankruptcy

question 42

Multiple Choice

Which of the following is false regarding Chapter 13 of the bankruptcy code?

• A) Chapter 13 permits individuals to pay their debts to creditors in installment plans under the supervision of the court.
• B) Any debtor who files under Chapter 13 could also have filed under Chapter 11.
• C) Chapter 13 repayment plans are usually simpler and less expensive than Chapter 11 plans.
• D) By statute Chapter 13 plans last between 36 and 60 months.
• E) Individuals, partnerships and corporations may file for a Chapter 13 repayment plan.

---

Definitions:

Lot Size

The quantity of goods processed, transported, or ordered at one time, affecting costs, efficiency, and inventory management.

Optimal Lot Size

The most economically advantageous quantity of a product to order or produce, balancing between ordering costs and holding costs.

Economic Order Quantity

A formula used to determine the most cost-effective quantity of inventory to order, balancing the costs of ordering and holding stock.

Optimal Order Quantity

The most efficient amount of stock to order that minimizes total inventory costs, including ordering and holding costs.