Privately Placed Loans Are Advantageous Because

question 64

Multiple Choice

Privately placed loans are advantageous because

• A)there are usually fewer restrictive covenants.
• B)there is direct contact with the lender and renegotiations can be handled more easily.
• C)SEC registration is necessary.
• D)there are usually fewer restrictive covenants and SEC registration is necessary.

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Definitions:

Monitoring

The act of observing, checking, and keeping a continuous record of a process or quality over a period of time.

Principle

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Performance Evaluation

The process of assessing the performance of employees, systems, or organizations against predefined standards.

Incentive Alignment

Or goal alignment occurs when an employee has enough information to make a good decision and the incentive to do so.