An employee’s reasonable expectation in response to an employer’s promise is key to a finding of an implied employment contract.
- True
- False
Answers
An employee’s reasonable expectation in response to an employer’s promise is key to a finding of an implied employment contract. True
An agreement between an employee and an employer is known as an employment contract (arbeidscontract). It includes the agreements that the employer and employee have made to define the terms of employment (arbeidsvoorwaarden). The parties must be fully identified, including their full names, addresses, and other details. Validity date: The day both parties sign serves as the effective date. Pay and perks: Give specifics regarding the wage rate, pay schedule, and business benefits.
Full-time or part-time, fixed-term, temporary, internship, apprentice, and freelancer contracts are just a few of the numerous types of employment contracts available. Employers may also use zero-hours contracts to hire workers.
Learn more about the contract here: https://brainly.com/question/29426856
#SPJ4
Related Questions
A basic interest rate that is not adjusted for inflation is called a(n)___ interest rate.
Answers
A basic interest rate that is not adjusted for inflation is called a nominal interest rate.
What is Inflation?It should be noted that inflation simply means the increase in the prices of goods and services.
In this case, nominal interest rate is the basic interest rate that is not adjusted for inflation.
Learn more about interest rate on:
brainly.com/question/25793394
#SPJ1
Answer:
Nominal is the answer
Explanation:
A business professor is trying to describe what makes an llc different from a c corporation. which would be the correct statement for her to make about the difference?
Answers
The correct statement for her to make about the difference is that LLCs and C Corporations are taxed differently.
A corporation is an employer—usually a set of humans or a company—authorized via the country to act as a single entity and identified as such in regulation for positive purposes. Early incorporated entities had been mounted by way of the constitution. Most jurisdictions now permit the creation of recent organizations through registration.
A corporation, from time to time referred to as a C corp, is a felony entity this becomes independent from its owners. Companies could make a profit, be taxed, and may be held legally in charge. Organizations provide the most powerful protection to their proprietors from private liability, however, the price to shape a company is higher than different structures.
The definition of a corporation is a felony entity with its personal rights, privileges, and liabilities separate from the participants who created it. An instance of an organization is an Apple laptop.
Learn more about corporations here https://brainly.com/question/13551671
#SPJ4
What principle does this demand curve demonstrate?
quantity demanded increases as prices decrease
quantity demanded increases as prices increase
prices decrease as quantity demanded decreases
prices remain the same as quantity demanded increases
Answers
Answer:
quantity demanded increases as prices decrease
Explanation:
Demand is the volume of a product that consumers are willing to buy at the market place at a given price over a given time. The demand curve is a graphical representation of the relationship between the demand and the product's price. It shows how quantity demanded increases as prices decrease. The demand curves illustrate the law of demand.
The demanded curve slope downwards with the prices plotted on the Y-axis while the quantity demanded is on the X-axis. Movement along the slope illustrates how quantities change at different prices.
Answer:
a
Explanation:
while managing a successful ads campaign, why would you choose automated bidding instead of manual bidding?
Answers
When running a successful Ads campaign, automatic bidding is preferable to manual bidding. Because Ads auctions are dynamic, the optimum bid might frequently be a changing goal that is difficult to reach at scale when using manual bidding.
When an advertiser manages their keyword bids on the Ads platform manually, they make decisions and take action on their PPC account without the aid of artificial intelligence (AI) or intelligent solutions.
Typically, advertisers make their choices on past experience, gut feeling, and research of keyword success statistics. For this method to produce a strong return on investment, a lot of patience, time, and PPC expertise are needed (ROI).
Intelligent artificial intelligence (AI) drives automated bidding, commonly referred to as smart bidding, which uses algorithms to optimize bids in accordance with your PPC campaign objectives.
To know more about artificial intelligence refer:
https://brainly.com/question/22678576
#SPJ4
a small network is bigger than a large network.
Answers
Answer:
false
Explanation:
From a business standpoint, I can say that this statement is false. A larger network is bigger and more efficient because it generates more leads and opens more opportunities. By having a larger network you connect with individual's who are know others that may not be in your network and may be strategically positioned to provide you with information, help or even opportunities that you would not have had if your network was small.
Banks buy and sell foreign currency to provide their customers with the ability to:
Answers
Banks offer foreign currency exchange services to facilitate their customers' needs for international transactions. These services enable customers to buy and sell foreign currency to complete cross-border transactions such as travel, business, and investments.
Banks provide competitive exchange rates for major currencies, including the US dollar, Euro, British pound, and Japanese yen, among others. When buying foreign currency, the bank calculates the exchange rate and charges a commission fee. The commission fee varies among banks, and it depends on the amount of currency exchanged. Banks also offer different exchange rates for cash and non-cash transactions. On the other hand, when selling foreign currency, the bank buys the currency back at a lower rate, and again, charges a commission fee. Banks make a profit on foreign exchange transactions through the difference between the buying and selling rates, and the commission fees charged. In summary, banks provide foreign currency exchange services to enable their customers to complete international transactions. The exchange rates and commission fees vary among banks, and customers should shop around for the best deals.
Learn more about foreign currency here:
https://brainly.com/question/15874744
#SPJ11
WILL MARK BRAINLIEST!
Which of the following professionals is most closely associated with a company’s reputation?
-Public relations specialists
-Market research analysts
-Art directors
-Advertising, promotions, and marketing managers
Answers
Answer:
Public relations specialists
Explanation:
Public relations specialists refer to individuals who develop and maintain the public image i.e. favorable for the company in which they present. Here the perception of the organization should be shape aslo it would be increase the awareness towards the work and goals
Therefore according to the given situation, the professional that is closely linked with the reputation of the company is public relations specialist
Question 1 of 10 When should a writer establish common ground before the bottom-line statement? A. When the reader may disagree with the bottom-line statement B. When the document is minutes of a meeting C. When the details are arranged in order of importance O D. When the report does not have an executive summary
Answers
A Writer establish common ground before the bottom-line statement the reader may disagree with the bottom line statement.
When should a writer create a consensus?It's crucial to shake hands with the audience before you give your introduction, which frequently takes the form of finding common ground. Two things should come out of your common ground: Introduce your subject, and then establish your position as an authority on it.
Which of the following statements best describes the final result?Net income, net earnings, or net profit are all terms used to describe a company's bottom line in business. Since it appears at the bottom of the financial statement for net income, it is known as the bottom line. The net result is determined by subtracting costs from receipts.
To Know more about bottom line
https://brainly.com/question/15834686
#SPJ9
a project will produce an operating cash flow of $7,300 a year for three years. the initial investment for fixed assets will be $11,600, which will be depreciated straight-line to zero over the asset's 4-year life. ignore bonus depreciation. the project will require an initial $500 in net working capital plus an additional $500 every year with all net working capital levels restored to their original levels when the project ends. the fixed assets can be sold for an estimated $2,500 at the end of the project, the combined tax rate is 23 percent, and the required rate of return is 12 percent. what is the net present value of the project?
Answers
The net present value of the project is $9,224, which is positive and indicates that the project is acceptable as it generates a return greater than the required rate of return.
To calculate the net present value (NPV) of the project, we need to determine the initial investment, operating cash flows, terminal cash flow, and the required rate of return.
The initial investment is the sum of the fixed asset investment and net working capital investment, which is:
Initial investment = Fixed asset investment + Net working capital investment
Initial investment = $11,600 + $500 = $12,100
The operating cash flows for the three years are given as $7,300, so the total cash flows over the life of the project are:
Total cash flows = Operating cash flows × Number of years
Total cash flows = $7,300 × 3 = $21,900
To calculate the terminal cash flow, we need to find the after-tax salvage value of the fixed assets. The book value of the fixed assets at the end of the project is zero, so the entire $2,500 sale proceeds will be a taxable gain. The tax on the gain will be:
Tax on gain = Tax rate × (Sale price - Book value)
Tax on gain = 0.23 × ($2,500 - $0) = $575
The after-tax salvage value is the sale price minus the tax on the gain:
After-tax salvage value = Sale price - Tax on gain
After-tax salvage value = $2,500 - $575 = $1,925
The total cash inflow at the end of the project is the sum of the after-tax salvage value and the recovery of net working capital, which is:
Total terminal cash flow = After-tax salvage value + Recovery of net working capital
Total terminal cash flow = $1,925 + $500 = $2,425
Now we can calculate the NPV of the project using the formula:
NPV = -Initial investment + PV of cash flows
where PV is the present value of the cash flows.
We can use a financial calculator or spreadsheet software to calculate the NPV. Using a financial calculator, the NPV is:
NPV = -$12,100 + $7,027 + $6,135 + $5,363 + $2,799
NPV = $9,224
Learn more about net present value
https://brainly.com/question/29669538
#SPJ4
if q is a set of consecutive integers, what is the standard deviation of q?
Answers
The standard deviation of a set of consecutive integers, q, depends on the range of the set. If the range of q is small, meaning the integers in the set are close together, then the standard deviation will be small.
To calculate the standard deviation of q, we need to first find the mean of the set. Since q is a set of consecutive integers, we can simply add the smallest and largest integers in the set and divide by 2 to find the mean. Let's call the smallest integer in the set "a" and the largest integer in the set "b". The mean of q is (a+b)/2.
Next, we need to find the variance of q. We do this by subtracting the mean from each integer in the set, squaring the differences, and then adding up all the squares. We then divide this sum by the number of integers in the set minus one. The variance of q is (1/12) * (b-a)^2.
Finally, we can find the standard deviation of q by taking the square root of the variance. The standard deviation of q is sqrt((1/12) * (b-a)^2).
In conclusion, the standard deviation of a set of consecutive integers, q, depends on the range of the set. The smaller the range, the smaller the standard deviation, and vice versa. To calculate the standard deviation of q, we first find the mean, then the variance, and finally take the square root of the variance.
Know more about the standard deviation
https://brainly.com/question/29435572
#SPJ11
What is Postage(in accounts)
Answers
To recognize a transaction on an account. For example, if one writes a check for $100 and $100 is deducted from that account three days later, the transaction is set to post on the third day.
Write any 4 points regarding the nature of target customers, which in the present times has led to the growing importance of ‘Persuasive function of Promotion'? MARKETING
Answers
Answer:
A target customer profile is simply a specific group of customers most likely to respond positively to your promotions, products, and services. 4 points regarding the nature of target customers:
What kind of people we’re looking?Where to find them?What our customers want from our brand, to adapt our value proposition so that our brand is relevant to a specific need or problem?How they compare and choose products to adjust marketing campaigns to make our offering seem the most compelling?Digital marketing has led to the growing importance of ‘Persuasive function of Promotion' because customers can learn about promotions from home and even compare the campaigns.
Explanation:
Persuading function of Promotion is to motivate customers to buy products under promotion due to intense competition among different industries producing similar types of products.
Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry
Answers
Answer:
industry because here based the all the business in whole world
The CEO of a business firm wants to increase the productivity of the employees while minimizing the labor costs incurred by the company. He decides to pay a monthly salary to full-time staff members. However, he also wants to compensate employees for exceptional work through bonuses at the end of every fiscal year. In the given scenario, the CEO can use a _____ to tie a portion of the compensation to employee effort.
Answers
Answer:
c. pay-for-performance standard
Explanation:
Pay-for-performance compensation means that there is the payment is made that depend upon the performance. In this, the employee can get the incentive and reward for attaining the goals & objectives also at the same time they would be highly motivated to perform better
So as per the given situation, it is a pay-for performance standard situation
One weakness of the cost approach for appraising market value is that:________
a. builders may not pay market value for materials or labor.
b. market value is not always the same as what the property cost.
c. comparables used may not have similar quality of construction.
d. new properties have inestimable costs and rates of depreciation.
Answers
Answer: b. market value is not always the same as what the property cost.
Explanation: In the process of property valuation in real estate, potential users or buyers have to appraise a property before they make offers, this will enable them know the value and the reasonable price to offer. One of such method of appraisal is the cost approach which is based on the basis that, a property shouldnt be purchased by a buyer at a price beyond the cost of erecting an equivalent structure. Of the options listed above, using the notion of not paying beyond the cost of erecting a similar building could be considered a weakness in f the approach in situations whereby the market value of the property is not the same as the value of the property. The market value of a property could be influenced by different factors including seasonality, changes in geography or terrain and so many other factors which may influence the value of an asset which might not affect the real cost of the property. Hence, the discrepancy.
One of the major trends in the lodging sector is that organizations are becoming more international.
O False
O True
Mark this and return
Save and Exit
Nex
Subm
Answers
If the price of money (e.g., interest rates and equity capital costs) increases due to an increase in anticipated inflation, the risk-free rate will also increase. If there is no change in investors' risk aversion, then the market risk premium (rM - rRF) will remain constant. Also, if there is no change in stocks' betas, then the required rate of return on each stock as measured by the CAPM will increase by the same amount as the increase in expected inflation.
a) true
b) false
Answers
The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $18.20 (Business Week, Special Annual Issue, Spring 2003). Assume the stock prices are normally distributed. (a) What is the probability that a stock price of a company will be more than $40 (to 4 decimals)? (b) What is the probability that a stock price of a company will be lest than $20 (to 4 decimals)?
Answers
he probability that a stock price of a company will be more than $40 can be calculated using the z-score and the standard normal distribution table .z = (40 - 30) / 18.20 ≈ 0.5495.
Probability = 1 - 0.2946 = 0.7054
First, we need to calculate the z-score, which represents the number of standard deviations an observation is from the mean. The formula for calculating the z-score is:
z = (x - μ) / σ
Where:
x = the value we want to find the probability for (in this case, $40)
μ = the mean of the distribution ($30)
σ = the standard deviation of the distribution ($18.20)
Calculating the z-score:
z = (40 - 30) / 18.20 ≈ 0.5495
Next, we need to find the probability associated with the z-score. Using a standard normal distribution table or calculator, we can find the probability that a z-score is greater than 0.5495, which is approximately 0.2946.
Therefore, the probability that a stock price of a company will be more than $40 is approximately 0.2946 (to 4 decimals).
(b) To find the probability that a stock price of a company will be less than $20, we follow a similar process.
Calculating the z-score:
z = (20 - 30) / 18.20 ≈ -0.5495
Using a standard normal distribution table or calculator, we find the probability that a z-score is less than -0.5495, which is approximately 0.2946.
However, since we want the probability that the stock price is less than $20, we need to subtract this probability from 1, as the standard normal distribution table gives the probability of being less than a given value. So:
Probability = 1 - 0.2946 = 0.7054
Therefore, the probability that a stock price of a company will be less than $20 is approximately 0.7054 (to 4 decimals).
Lear more about z-score here:
brainly.com/question/31871890
#SPJ11
Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
20. the desire for floating-rate bonds, and consequently their increased usage, arose out of the experience of the early 1980s, when inflation pushed interest rates up to very high levels and thus caused sharp declines in the prices of outstanding bonds.
Answers
It is true that . the desire for floating-rate bonds, and consequently their increased usage, arose out of the experience of the early 1980s, when inflation pushed interest rates up to very high levels and thus caused sharp declines in the prices of outstanding bonds.
What are floating-rate bonds?Financial organisations, companies, and governments all issue floating rate bonds to borrow money from the general public. Floating rate bonds have an interest rate that is correlated to a predetermined benchmark rate and is periodically reset, as opposed to conventional regular bonds, which have a fixed interest rate. A floating interest rate suggests that the interest rate is susceptible to change every three months. Your loan's interest rate will be tied to the base rate established by the RBI based on a number of economic variables. Bonds with floating rates carry less interest rate risk than bonds with fixed rates. Floating-rate funds run the risk of being more credit risky since they are exposed to businesses that can experience financial difficulties if the economy worsens.
To learn more about floating-rate bonds click,
https://brainly.com/question/28180514
#SPJ4
1. What is the traditional form of capitalism?
Answers
Answer:
Explanation:
The production of products and services under capitalism is based on supply and demand in the general market which we call market economy, rather than through planned economy or command economy
Sage met her manager to discuss an issue she was facing in the office. During the meeting, her manager's phone was constantly ringing. This made it difficult for Sage to explain her problem clearly. Her manager, distracted by the ringing phone, could not grasp the significance of the problem and sent Sage back with half-hearted promises to take appropriate action. In this scenario, the ringing telephone represents
Multiple Choice
a) a cue. b) noise. c) a filter. d) a communication channel. e) media richness.
Answers
In this scenario, the ringing telephone represents noise. Therefore, the correct answer is b).
What is Noise?Noise refers to any external factors that can interfere with or distort the communication process, making it difficult for the message sender and receiver to clearly understand each other. In this case, the ringing phone distracted both Sage and her manager, leading to an ineffective communication experience.
Noise can simply be defined as a loud or unpleasant sound to the ears. It can serve as a form of distraction or disturbance as the case maybe but ultimately it is unwanted.
In this scenario, the ringing telephone represents b) noise.
To know more about Noise
visit:
https://brainly.com/question/16233996
#SPJ11
technological advances allow smaller companies to compete with larger companies. group of answer choices true false
Answers
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
To learn more about company
https://brainly.com/question/27968241
#SPJ4
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
persons who are exempt from licensing requirements such as owners or administrators can still collect a commission.
Answers
It is possible for persons who are exempt from licensing requirements, such as owners or administrators, to still collect a commission.
While licensing requirements may apply to certain roles or positions within a specific industry, exemptions can exist for individuals who hold certain positions, such as owners or administrators. Even if they are exempt from licensing, these individuals may still be involved in activities that entitle them to receive commissions for their services or contributions. The exemption from licensing requirements does not necessarily restrict the ability to earn commissions, as long as the individual's role or responsibilities align with the applicable regulations and guidelines. However, it is important to consult and comply with the specific laws and regulations governing the industry or profession in question to ensure compliance and avoid any potential legal or ethical issues.
Learn more about licensing here:
https://brainly.com/question/15829119
#SPJ11
Suppose a consumer has an utility function of U(x, y) = 25xy. The consumer has 12 units of good x and 8 units of good y. a. What is the marginal rate of substitution (MRS) at (12, 6) and (9, 12). b. Does the MRS increase or decrease as the consumption of x increases?
Answers
The Marginal Rate of Substitution (MRS) decreases as the consumption of x increases.
The Marginal Rate of Substitution (MRS) is the rate at which a consumer is willing to substitute one product for another while keeping the same level of utility.
Let's see the calculation of the marginal rate of substitution at (12,6) and (9,12).
Formula for Marginal Rate of Substitution MRS:
Δy/Δx = MUx/MUy = (ΔU/Δx) / (ΔU/Δy)
Part (a) Calculation:
Part (i): At (12,6)U(x,y) = 25xyMUx = 25y, and MUy = 25x∆y/∆x = MUx/MUy = 25y/25x = y/x(12,6) = ∆y/∆x = y/x = 6/12 = 0.5
Part (ii): At (9,12)U(x,y) = 25xyMUx = 25y, and MUy = 25x∆y/∆x = MUx/MUy = 25y/25x = y/x(9,12) = ∆y/∆x = y/x = 12/9 = 1.33
Part (b): As the consumption of x increases, the MRS decreases because as consumption of x increases, the marginal utility of x decreases while the marginal utility of y increases.
Hence, the MRS decreases as the consumption of x increases.
Learn more about Marginal Rate from the given link:
https://brainly.com/question/14390716
#SPJ11
Which of the following news headlines does not illustrate the potential for conflict between self-interest and the social interest? A. Toyota offers retirement incentives to 2,000 U.S. employees B. Humans make rainforest more flammable C. California's drought is part of a much bigger water crisis D. Only an end to global warming can save the Great Barrier Reef
Answers
The news headline Toyota offers retirement incentives to 2,000 U.S. employees does not illustrate the potential conflict between self-interest and the social interest. Option A.
The news headline that does not illustrate the potential for conflict between self-interest and the social interest is Toyota offers retirement incentives to 2,000 U.S. employees.
This headline primarily focuses on an action taken by Toyota to provide retirement incentives to its employees. While it may involve self-interest on the part of the company in managing its workforce or financial obligations, it does not inherently imply a conflict between self-interest and the social interest.
Retirement incentives can be seen as a voluntary benefit offered by the company to support its employees' well-being and financial security, without necessarily contradicting broader societal goals.
On the other hand, headlines B, C, and D do illustrate the potential for conflict between self-interest and the social interest:
B. Humans make rainforest more flammable: This headline suggests that human activities have potentially contributed to making rainforests more susceptible to fires. It highlights the conflict between self-interest, such as economic development or land use practices, and the social interest of preserving and protecting natural ecosystems.
C. California's drought is part of a much bigger water crisis: This headline indicates a conflict between self-interest, such as water consumption for agricultural or residential purposes, and the social interest of managing water resources sustainably to mitigate drought impacts and ensure access to clean water for all.
D. Only an end to global warming can save the Great Barrier Reef: This headline highlights the conflict between self-interest, such as continuing practices that contribute to global warming, and the social interest of protecting and preserving natural wonders like the Great Barrier Reef by addressing climate change. SO Option A is correct.
For more question on potential visit:
https://brainly.com/question/28888838
#SPJ8
Gabrielle is three months behind on her mortgage, and her lender filed negative information affecting her credit rating. Gabrielle mailed one monthly payment to the lender along with a letter stating that she was making the payment on the condition that the lender remove negative material sent to credit reporting agencies affecting her credit rating. The lender cashed the check but did not remove the negative information. Gabrielle sues the bank for breach of contract. Which of the following is the most likely result?
a. The bank will win because under the preexisting duty rule, Gabrielle was already legally obligated to make the payment, and there was no consideration to support the contract.
b. The bank will win because under federal law, once correct negative information is reported regarding a customer, it can be removed only if it is found to be untruthful.
c. The bank will win because under state law, once correct negative information is reported regarding a customer, it can be removed only if it is found to be untruthful.
d. Gabrielle will win because the bank's cashing the check constituted acceptance of her offer, and a valid contract existed.
e. Gabrielle will win because the bank had an obligation to notify her that it was not accepting her offer before cashing the check.
Answers
b) for each week: ice cream cone sales, air-conditioner sales which variable would best be used as the explanatory variable and which as the response variable? a. air-conditioner sales would best be used as the explanatory variable, and ice cream cone sales the response variable, to predict ice cream cone sales based on air-conditioner sales. b. ice cream cone sales would best be used as the explanatory variable, and air-conditioner sales the response variable, to predict air-conditioner sales based on ice cream cone sales. c. either ice cream cone sales or air-conditioner sales can be the explanatory value. then the other will be the response variable, because ice cream cone sales can be predicted by air-conditioner sales, and air-conditioner sales can also be predicted by ice cream cone sales. d. the terms explanatory and response variable do not apply to this situation.
Answers
Either ice cream cone sales or air-conditioner sales can be the explanatory variable.
Then the all other will be the response variable, as ice cream cone sales can be predicted by air-conditioner sales, and the air-conditioner sales could be predicted from ice cream cone sales.
Option C is correct .
Explanatory variable :An Explanatory Variable may be a factor that has been manipulated in an experiment by a researcher. it's used to determine the change caused in the response variable. An Explanatory Variable is usually referred to as an Independent Variable or a Predictor Variable
An explanatory variable is that the expected cause, and it explains the results. A response variable is that the expected effect, and it responds to other variables
Independent variables :Independent variables also are called: Explanatory variables (they show an event or outcome) Predictor variables (they could be used to predict the value of a dependent variable)
Learn more about explanatory variable :
brainly.com/question/1529707
#SPJ9
Which type of bankruptcy is when a person sells all their assets to eliminate their debt? Chapter 6 Chapter 7 Chapter 11 Chapter 13
Answers
The type of bankruptcy which occur wheen is when a person sells all their assets to eliminate their debt is Chapter 7.
What is Chapter 7 bankruptcy?Chapter 7 bankruptcy can be described as the “liquidation” bankruptcy. Businesses going through this type of bankruptcy are past the stage of reorganization and must sell off assets to pay their creditors.
It should be noted that the process works much the same for individuals however the Bankruptcy do make people who can no longer pay their debts get a fresh start by liquidating assets so that they can attend to their debts or by creating a repayment plan, in conclusion Bankruptcy laws also protect financially troubled businesses. This section explains the bankruptcy process and laws.
Therefore, option C is correct.
Learn more about bankruptcy at:
https://brainly.com/question/4418659
#SPJ1
Answer: it is c took the assesment and got it right
Explanation: im him