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Chapter 11 Managing Change and InnovationTrue/False Questions1.×Organizational change refers to the adoption of a new idea or behavior by an organization. Answer: Truelove: 1Page: 392Type: F2.×Redesign
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Who needs chapter 12?

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Chapter 12 is needed by individuals or companies who are involved in legal proceedings or bankruptcy cases.
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It is a specific chapter in the bankruptcy code that pertains to family farmers or fishermen who want to reorganize their finances and debts.
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Chapter 12 provides a structured process for these individuals or companies to create a repayment plan and make necessary adjustments to overcome financial challenges.
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It offers a legal framework to address their unique financial circumstances and helps them regain stability while continuing their agricultural or fishing operations.

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Chapter 12 of the U.S. Bankruptcy Code provides for the reorganization of family farmers and fishermen.
Family farmers and fishermen are eligible to file for Chapter 12 bankruptcy.
To fill out Chapter 12, individuals must provide detailed information about their financial situation, assets, debts, and proposed repayment plan.
The purpose of Chapter 12 is to allow family farmers and fishermen to reorganize their debts and develop a repayment plan that enables them to keep their assets and continue their operations.
Information such as financial statements, asset listings, creditor information, and proposed repayment plans must be reported on Chapter 12 bankruptcy forms.
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