When a company files Chapter $11$ bankruptcy, which of the following statements accurately describes an action the company's management can take?

Select one:

a$.$

All of these answers.

b$.$

Acquire financing and loans on favorable terms by giving the lenders first priority on earnings.

c$.$

Management can choose to continue to operate exactly as it did prior to the bankruptcy.

d$.$

Unilaterally reject and cancel contracts based solely on what would be best for the company.