After Graduating,a Student Set Up a Business as a Systems

question 121

Multiple Choice

After graduating,a student set up a business as a systems analyst.His monthly billings are healthy,about $10 000 a month.He rents his office,hardware,and furniture and owns few assets.He rents his apartment,has no car,and spends most of his income on concerts.If he approaches you,a bank manager,to borrow $50,000 for the purpose of increasing his working capital,which of the following securities would you most likely request?

• A) conditional sale contract
• B) chattel mortgage
• C) security under sections 426 and 427 of the Bank Act
• D) floating charge debenture
• E) assignment of accounts receivable

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Definitions:

Uterine Contractions

The tightening and relaxing of the uterus' muscle fibers, commonly experienced during childbirth but also occurring at other times, such as during menstruation.

Birth Process

The series of events that lead to the delivery of a baby, including labor, contractions, and the passage through the birth canal.

Cesarean Delivery

Cesarean Delivery is a surgical procedure used to deliver a baby through incisions in the mother's abdomen and uterus.

Vaginal Delivery

The process of childbirth where the baby is born through the birth canal.