Individuals with the Capacity to Control Access to Jobs and Money

question 69

Multiple Choice

Individuals with the capacity to control access to jobs and money are said to have:

• A) reward power.
• B) coercive power.
• C) social power.
• D) information power.

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Definitions:

Outlays

Expenditures or the amount of money expended in the course of conducting business or executing a project.

Collateral

Collateral refers to assets that a borrower offers to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral to recover the loaned amount.

Fixed-Rate Mortgage

A mortgage with an interest rate that remains constant throughout the life of the loan.

Acceleration Clause

A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.