Nick Has a Consulting Business with Monthly Billings of $4,00

question 93

Multiple Choice

Nick has a consulting business with monthly billings of $4,00.He rents his office,hardware,and furniture and owns few assets.Nick rents his apartment,has no car,and spends most of his income on leisure.If he came to you,a bank manager,and asked to borrow $10 000 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) assignment of accounts receivable
• E) floating charge debenture

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Definitions:

Power Distance

Power Distance is a cultural dimension that expresses the degree to which the less powerful members of a society accept and expect that power is distributed unequally.

Authentic Leadership

A leadership style that emphasizes genuineness, transparency, and ethical behavior, encouraging leaders to be themselves.

GLOBE Model

A research framework for understanding the relationship between culture and societal, organizational, and leadership effectiveness across the world.

Uncertainty Avoidance

A cultural dimension that describes societies' tolerance for ambiguity and uncertainty, influencing their rules, regulations, and stability.