In a Bankruptcy, the Assets and Contracts of a Bankrupt

question 37

Multiple Choice

In a bankruptcy, the assets and contracts of a bankrupt person or business will be assigned to:

• A) the party to the contract.
• B) the court.
• C) the trustee.
• D) the creditors.

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Definitions:

Environmental Performance

An evaluation of how well an organization adheres to environmentally sustainable practices and minimizes its ecological footprint.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization.

Life Cycle Assessment

A method used to evaluate the environmental impacts of a product, process, or service, from raw material extraction through materials processing, manufacture, distribution, use, repair and maintenance, and disposal or recycling.

ISO 14040

A standard within the ISO 14000 family that specifies the framework and principles for conducting and reporting on life cycle assessment studies.