Which of the Following Is NOT True of Restrictive Covenants

question 14

Multiple Choice

Which of the following is NOT true of restrictive covenants?

• A)They sometimes require borrowers to maintain the value of collateral offered to the lender.
• B)They increase the marketability and liquidity of loans.
• C)They sometimes require a borrower to maintain a certain minimum level of net worth.
• D)They sometimes limit a borrower's risk taking.

Understand the implications of departmental structures on professional development and efficiency within organizations.

Identify the factors leading to the choice of a specific form of departmentation.

Understand the role of an integrator in coordinating departmental activities.

Recognize the significance of geographic departmentation and its stimulants.

---

Definitions:

Agricultural Risk Coverage

Agricultural Risk Coverage is a U.S. government program designed to protect agricultural producers from revenue losses due to market fluctuations.

Payments

The act of transferring money or its equivalent in exchange for goods, services, or to fulfill a legal obligation.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance.

Variable Costs

Expenses that vary directly with the level of production or output, including costs such as raw materials and labor directly involved in manufacturing.