Collateral Refers To

question 526

Multiple Choice

Collateral refers to:

• A) a company's ability to extend credit to a customer
• B) the debtor's ability to pay
• C) the debtor's financial condition
• D) the debtor's reputation
• E) the debtor's assets to secure debt

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Definitions:

Organizational Strategy

A structured plan detailing how a company intends to deploy resources and capabilities to secure a competitive advantage.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed as a factor of production contributing to economic value.

Knowledge

Information, understanding, or skill obtained through experience or education.

Commitment

The level of dedication an individual has towards his or her job, organization, or career path.