After Much Searching, Mort Located an Old Banking Friend of His

question 127

Multiple Choice

After much searching, Mort located an old banking friend of his father's. The banker offered Mort up to $25,000 in unsecured funds, which Mort's firm could borrow any time within a year, as long as the bank has the money available. Mort was offered a(n)

• A) revolving credit agreement.
• B) asset guarantee pledge.
• C) pledging agreement.
• D) line of credit.

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Definitions:

Blaming The Victim

The fallacy of assigning fault to victims of a misfortune or crime, rather than focusing on the perpetrator or causal factors.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Diversity

The inclusion and acceptance of individuals with different characteristics such as cultural, racial, and gender differences in a group or organization.

Paternalistic Management

A management style where the leadership makes decisions for employees, mirroring a fatherly approach to governance.