Three General Strategies to Help Organizations to Cope with Uncertainty

question 45

True/False

Three general strategies to help organizations to cope with uncertainty are prevention,creation and deception.

---

Definitions:

Balloon-Payment Mortgage

A mortgage that has relatively low fixed payments during the life of the mortgage followed by one large final (balloon) payment.

Equity

Fairness or justice as applied in the correction of law or the ownership interest in a company or property.

Unperfected Security Interests

A security interest in collateral that has not been properly filed or recorded, leaving it vulnerable to claims by other creditors.

Collateral

An asset or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.