A 'Floating Charge' Is Security for a Loan to a Company

question 23

Multiple Choice

A 'floating charge' is security for a loan to a company that takes the form of a charge over:

• A)Fixed, identified property.
• B)Property covered by personal guarantees.
• C)All of the assets or a class of assets of the company.
• D)Fixtures only.

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Definitions:

Observable Culture

The elements of culture such as rituals, symbols, and behaviors that can be seen and experienced in an organization.

Core Values

Fundamental beliefs or principles that guide the behavior and decision-making within an organization.

Pre-Observable Culture

Refers to the underlying beliefs, assumptions, and values that exist within an organization but are not immediately visible or easily detectable.

Workplace Spirituality

A framework within organizations that promotes employees' sense of purpose through work, respects their inner lives, and integrates their core values and beliefs into the workplace.