Which of the Following Is Not a Common Characteristic of Successful

question 128

Multiple Choice

Which of the following is not a common characteristic of successful control systems?

• A)Results oriented
• B)Realistic
• C)Encouragement of self-control
• D)Flexible
• E)Emphasis on accountability

---

Definitions:

Borrower

An individual or entity that receives funds from another party with the agreement to return the funds or pay them back later, usually with interest.

Forbearance

an agreement between a borrower and lender to temporarily postpone, reduce, or suspend payment due to financial hardship.

Workout Agreement

A formal contract between a debtor and his or her creditors in which the parties agree to negotiate a payment plan for the amount due on the loan instead of proceeding to foreclosure.

Mortgage Loan

A loan secured by the collateral of real estate property, where the borrower is obliged to pay back with a predetermined set of payments.