A Person with Organizational Clout Who Takes on Personal Responsibility

question 40

Multiple Choice

A person with organizational clout who takes on personal responsibility for the successful completion of a project for the organization is referred to as a(n) __________.

• A)champion
• B)leader
• C)program manager
• D)campaigner

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Definitions:

Compensating Balance

A minimum bank account balance that a borrower is required to maintain with a lender as part of a loan agreement, often used to offset the cost of maintaining the loan.

Deficit Financing

The practice of funding government spending by borrowing rather than from taxation, leading to budget deficits.

Interest Charges

The cost incurred by an entity for borrowing funds; these are often calculated as a percentage of the principal amount loaned or the outstanding balance.

Compensating Balance

A minimum bank account balance that a borrower must maintain as part of a loan agreement, often used to offset the cost of the loan.