Which of the Following Statements Is True for Unsecured Credit

question 30

Multiple Choice

Which of the following statements is true for unsecured credit?

• A) Only consumers use unsecured credit for their personal transactions.
• B) The creditor may require the debtor to convey to the creditor a lien on the debtor's property.
• C) When goods are delivered on unsecured credit, the creditor retains all rights in the goods.
• D) The unsecured credit transaction involves maximum risk to the creditor.

---

Definitions:

Illegitimate Political Activities

Actions within an organization that are unethical, unauthorized, or unacceptable, aimed at achieving personal gain or influencing power dynamics.

Favoritism-Based Pay

Compensation practices that are influenced by personal biases rather than objective performance measures, leading to unfair disparities.

Scapegoating

The act of unfairly blaming an individual or group for problems or failures, often to deflect responsibility or criticism from oneself or others.

Organizational Political Climates

The overarching ambiance or environment within a company that influences the power dynamics, relationships, and strategic maneuvers among employees.