Leteef Has a Degree in Clinical Psychology

question 8

Multiple Choice

Leteef has a degree in clinical psychology.He has worked for over 20 years in the field of sports psychology as a counselor for professional sports teams.When giving a speech on "mental toughness" for his communications course,Scott quotes Leteef because he is an expert in this field.In doing so,Scott is clarifying his ideas and backing up his claims through the use of _____.

• A)testimony
• B)analogy
• C)internal summary
• D)justification

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Definitions:

Court Ordered Winding Up

The legal process of dissolving a company, initiated by a court order, usually because it is insolvent.

Liquidator's Power

Refers to the authority granted to a liquidator to manage and sell a company's assets, pay off creditors, and distribute any remaining assets to shareholders during the process of winding up a company.

Shareholders Before Creditors

This principle dictates that in the hierarchy of corporate structure, shareholders' equity is ranked lower than the claims of creditors in the event of a liquidation.

Ordinary Unsecured Creditor

A creditor who has no special rights to assets of a debtor in the event of the debtor's bankruptcy.