1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alenkinab [10]
3 years ago
13

What is one drawback of declaring bankruptcy?

Business
2 answers:
Korolek [52]3 years ago
6 0

Answer:

B. It severely lowers a persons credit rating.

Explanation:

Immediately a person files for bankruptcy, their credit history changes to bankrupt status instantly. The bankruptcy status may stay up to 10 years. It becomes very challenging for such individuals to get credit facilities. Any lender seeking to get their credit history to advance them a loan will get a bankrupt status as the feedback.

Bankruptcy means that the  person does not have sufficient  assets to cover their debt obligations.  All their credit cards get canceled. The bankruptcy status creates a long term negative effect on credit history.

Montano1993 [528]3 years ago
6 0

Answer:

B

Explanation:

You might be interested in
What type of clause is inserted in a financing document when the lender agrees to waive the right to a deficiency judgement? A r
TiliK225 [7]

Answer: It is called An EXCULPATORY CLAUSE

Explanation: A deficiency judgment is a court ruling against a debtor in default on a secured loan, indicating that the sale of a property to pay back the loan did not cover the outstanding debt in full.

In waiving the right to a deficiency judgement, AN EXCULPATORY CLAUSE is inserted in the financial contract which states that the borrower no longer has a financial liability. It relieves the borrower the personal liability to repay the loan.

3 0
3 years ago
Read 2 more answers
Unlike households, governments are often able to sustain large debts. For example, in 2013, the U.S. government's total debt rea
nirvana33 [79]

Answer:

the dollar cost of the annual interest on the government's total debt assuming the interest rate and debt  is $356 billion

Explanation:

Dollar cost of annual interest on total debt = Total debt for the year x Average interest rate

= $17.3 trillion x 2%

= $17,300 billion x 2%

= $346 billion

This value is closest to option (2).

6 0
4 years ago
When trading with more developed countries, less developed countries have a comparative advantage in the production of all goods
stealth61 [152]

Answer:

less developed countries do not have a comparative advantage in the production of any goods or services.

Explanation:

Usually less developed countries do not have a full developed production

7 0
3 years ago
Identify the change in the parent function that will produce the related function shown as a dash line. f(x)= √ x
hichkok12 [17]

Answer:

g(x) = 2 + \sqrt x

<em>Translate the parent function, 2 units upward</em>

Step-by-step explanation:

Given

f(x) = \sqrt x

See attachment for the graph

 

Required  

Determine the change in f(x) that gives the dashed line

Let the dash line be represented with g(x)

From the attachment, there is only one transformation from f(x) to the g(x).

When f(x) is translated 2 units vertically upwards , it gives g(x); the dash line.

If

f(x) = \sqrt x

Then g(x) is:

g(x) = 2 + f(x)

g(x) = 2 + \sqrt x  

5 0
3 years ago
As posited by carroll’s pyramid, the first and foundational responsibility of organizations in the global economy is to:.
jonny [76]

The aim of making a profit consistent with expectations for international businesses is the first and foundational responsibility of organizations in the global economy is to.

<h3>What are international businesses?</h3>

An international businesses means a business that involves in national exchanges of goods, services, or resources.

In conclusion, the aim of making a profit consistent with expectations for international businesses is the first and foundational responsibility of organizations in the global economy is to.

Read more about international businesses

<em>brainly.com/question/4979112</em>

5 0
3 years ago
Other questions:
  • Give me a 5th grade sentence that has the words prosper and profit
    9·2 answers
  • Guillen, Inc. began work on a $7,000,000 contract in 2020 to construct an office building. Guillen uses the completed-contract m
    11·1 answer
  • Suppose the the equilibrium real federal funds rate is 4 percent and the target rate of inflation of 1 percent. Use the followin
    11·1 answer
  • The following set of main points for a persuasive speech on a question of policy follows which pattern of organization? I. A car
    9·1 answer
  • Is being an airforce pilot worth it<br><br> I want to know from you guys
    15·2 answers
  • Do you think socially responsible companies are more trustworthy?
    10·1 answer
  • Why should a firm stop producing when its marginal revenue is less than its average variable cost?
    7·1 answer
  • What are the SDS format requirements?
    15·1 answer
  • What is a tangible symbol that communicates the features, benefits, and advantages of a particular product to consumers?
    11·1 answer
  • Please help!!
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!