Which of the Following Is an Instance of a Mortgage

question 29

Multiple Choice

Which of the following is an instance of a mortgage?

• A) Richard pays Ellen $1000 a month to live in her apartment.
• B) Richard pays Ellen $12,000 a year to live in her apartment.
• C) Richard gives his country estate as collateral to a bank from where he has borrowed money to buy an apartment.
• D) Richard has been living in an apartment for thirty years and upon his death, the apartment will be transferred to somebody else.

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Definitions:

Core Culture

The fundamental values, beliefs, and principles that serve as the foundation for an organization's management system and practices.

Observable Culture

The aspects of an organization's culture that can be seen or experienced through their practices, rituals, and symbols.

Main Values

Fundamental beliefs or principles that are considered most important within a society, organization, or individual's life.

Informal Culture

The set of unofficial norms, practices, and behaviors that shape the social interactions within an organization.