The Feature of Sullivan's Guaranty (Prudential)Building That Distinguishes It from Earlier

question 13

Multiple Choice

The feature of Sullivan's Guaranty (Prudential) Building that distinguishes it from earlier structures was ____.

• A) its use of cast iron structural supports
• B) his use of modular construction
• C) the reflection of the subdivision of the interior spaces in the outer structure
• D) the elimination of decorative elements

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Definitions:

Prompt Payment Discount

A discount offered to buyers for paying their invoices early, encouraging faster payments.

Pledged

Assets or collateral that a borrower offers to a lender to secure a loan, which the lender may seize if the loan is not repaid.

Default Risk

The risk of loss to a lender from the borrower’s failure to pay the full amount due including interest and principal.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.