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nekit [7.7K]
3 years ago
5

Andy’s business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin

ue the business. In this case, Andy should file a voluntary petition for which type of bankruptcy?
a. Chapter 7.
b. Chapter 11.
c. Chapter 13.
d. Chapter 12.
Business
1 answer:
aalyn [17]3 years ago
3 0

Answer: a. Chapter 7

Explanation:

Chapter 7 bankruptcy is a type of bankruptcy that allows trustee to sell a few of one's property in other to repay creditors. It also allows the cancelation of some debt. The chapter 7 bankruptcy is also known as straight or liquidation bankruptcy and it is the most commonly used especially by individuals.

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What does it mean to "diversity" your portfolio?<br> NGPF
mestny [16]

Answer:

It's about to have multiples sources of income. For that, you required to invest in niche business. If one business fail, maybe another be sucesfully.

Explanation:

3 0
3 years ago
According to Fiedler's theory, a high-control situation favors a __________ leader.A. task-motivatedB. relationship-motivatedC.
Brilliant_brown [7]

The correct answer is choice a - task motivated.

According to Fiedler’s theory, there is no one best style of leadership. Instead, a leader's effectiveness is based on the situation. Leadership is either task-motivated or relationship-motivated, and in a high control situation a task-motivated leader is more effective.

7 0
3 years ago
When merchandise sold is assumed to be in the order in which the purchases were made, the company is using a.last-in, first-out
klasskru [66]

Answer:

The correct answer is letter "D": first-in, first-out.

Explanation:

A business using the first-in, first-out (FIFO) inventory valuation approach must sell, use or dispose first of all the products it produced or acquired. According to the FIFO process, the most recent assets purchased or generated are those that remain in inventory. Older stock is first removed from inventory.

6 0
3 years ago
Granting access to a user based upon how high up he is in an organization violates what basic security premise?
hodyreva [135]

Granting access to a user based upon how high up he is in an organization violates "the principle of least privileges."

As the principle of least privileges states that a person should be given only those privileges that are needed or are necessary to perform a specific job or task and nothing more.

The principle of least privileges states that you assign users the minimum set of privileges which they require to do their jobs, according to their roles.

The principle of least privilege prevents the spread of malware on your network. An administrator or superuser with access to a lot of other network resources and infrastructure could potentially end up spreading malware to all those other systems which he gets access to.

Hence, if the organization grants access to a user based upon how high up he is then the organization violates the principle of least privileges.

To learn more about the least privileges here:

brainly.com/question/27034248

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3 0
2 years ago
What will NOT cause a shortage?
sweet-ann [11.9K]
<h3>Answer: D) increase in prices</h3>

An increase in prices will reduce demand, and not supply. You could have an increase in prices due to a shortage, but price increases could also be from a number of other factors, one of which is demand increasing.

Meanwhile, war, scarcity and extreme weather all are possible factors of a shortage. So we can cross choices A,B,C off the list.

5 0
3 years ago
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