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Feb 04
Costco gift card problem arises after key partner goes bankrupt
AI-Generated from
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1.
What happens when a business closes under a Chapter 11 bankruptcy?
A
Gift cards become invalid immediately
B
Gift cards are honored for a period of time
C
Gift cards can be exchanged for cash
D
Gift cards can be used for double the value
2.
What typically occurs once the specified time period for honoring gift cards has passed?
A
Gift cards are reactivated
B
Gift cards become more valuable
C
Gift cards become useless
D
Gift cards can be used for any purchase
3.
In what situation does a gift card become useless?
A
When the business is thriving
B
When the business files for Chapter 11 bankruptcy
C
When the gift card is lost
D
When the gift card expires
4.
What action can businesses take to honor gift cards after bankruptcy?
A
Ignore all gift cards
B
Offer refunds for all gift cards
C
Honor gift cards for a period of time
D
Sell gift cards to another company
5.
What is the fate of a gift card once the honoring period ends?
A
It gains more value
B
It becomes a collectible item
C
It becomes useless
D
It can be exchanged for a new gift card
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