1.. The role of the SEC in a chapter 11 bankruptcy is to assure that banks are t
ID: 1215971 • Letter: 1
Question
1.. The role of the SEC in a chapter 11 bankruptcy is to assure that banks are treated fairly. True False
2.. Risk clusters are more than simply visual maps of risks they are sources of information that give feedback when quantitative and qualitative data are input into the models behind each cluster. True False
3.. An important part of using risk clusters in ERM is that they eliminate the need to assign an ownership of risks. True False
4.. Every risk cluster must be linked to the profit margin of a company. True False
Explanation / Answer
Answer:
1. The role of the SEC in a chapter 11 bankruptcy is to assure that banks are treated fairly.
False
The creditors treated fairly in a Chapter 11 bankruptcy. If creditors or stockholders vote to reject the plan, the court can disregard the vote and still confirm the plan if it finds that the plan treats creditors and stockholders fairly. Once the plan is confirmed, another more detailed report must be filed with the SEC on Form 8-K.
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