On Graduation, You Start a Small Business Consulting Service Operating

question 16

Multiple Choice

On graduation, you start a small business consulting service operating from leased premises, and one year into business you borrow $25,000 from a bank. The best (being the most useful) security the bank can likely get from you is probably

• A) a chattel mortgage.
• B) a bill of sale.
• C) an assignment of book debts.
• D) a conditional sale agreement.
• E) a right of lien.

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Definitions:

Reputation

The public perception or image of an individual, brand, or organization, shaped by past actions, communications, and stakeholder experiences.

Utilitarianism

A theory in normative ethics holding that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Universal Applications

Broadly accessible and applicable tools or programs, often referring to software that can be used across various devices and operating systems.

Predict Outcomes

The process of forecasting or estimating the future results or effects of actions taken in the present.