Failure to Make Payments on a Loan Is ________

question 59

Multiple Choice

Failure to make payments on a loan is ________.

• A)Chapter 7 bankruptcy
• B)default
• C)Chapter 11 bankruptcy
• D)leverage
• E)Chapter 7,Chapter 11,or Chapter 13 bankruptcy

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Definitions:

Leadership

The act of guiding and directing a group towards achieving goals by influencing the behaviors, attitudes, and thoughts of others.

Power

the ability or capacity to direct or influence the behavior of others or the course of events.

Moral Leadership

Leadership that is centered on ethical principles and values and leads by example in encouraging a high standard of moral conduct within an organization or community.

Ethical Principles

Guiding morals and values that govern the behavior of individuals and organizations in the conduct of their activities.