Vance Co Is Required to Provide Collateral in Order to Obtain

question 212

Multiple Choice

Vance Co. is required to provide collateral in order to obtain a long-term business loan. Which of the following would not be acceptable collateral to most lenders?

• A) Stocks
• B) Liabilities
• C) Land
• D) Equipment
• E) Inventory

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Definitions:

Importance

The state or fact of being of great significance or value.

Corporate Culture

The shared values, beliefs, and practices that characterize an organization and guide its employees' behaviors.

Shared Values

Fundamental beliefs or principles that are held in common by members of a group, organization, or society, forming the basis for cohesion and collective action.

Organization

An entity comprising multiple people working together with a particular purpose or objective, often structured in a specific way to achieve its goals.