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blagie [28]
2 years ago
12

Rick, a builder, is using two properties as collateral for a loan. this is an example of a(n) ______ loan.

Business
1 answer:
Serggg [28]2 years ago
8 0

Two properties are being used as collateral security for a loan by builder Rick. An illustration of a blanket loan is this.

The term "collateral" describes something that is provided to a lender as a guarantee of repayment. Therefore, the loan agreement will ordinarily state that the collateral will be returned to the lender if the money owed is not paid if you take out a loan or mortgage to buy a car or a property.

Simply said, collateral is an item that a borrower offers as payment for loan approval, such as a car or house. Lenders may feel more secure knowing that their financial interest is protected by collateral in the event that the borrower is ultimately unable to pay back the loan in full.

Learn more about collateral here

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2. What would you say to some who said that citizens had no right to know where their federal income tax money goes?
DochEvi [55]

Federal tax dollars are collected from citizens to use for programs and infrastructure that is supposed to be used for public good, such as early childhood education, social security, roads, bridges, etc. Since the money is from citizens and for citizens, they should know how the money is spent so they can hold their elected representative accountable.

4 0
3 years ago
Giant Company has three products, A, B, and C. The following information is available:
myrzilka [38]

Answer:

$24,000

Explanation:

                             Product A      Product B     Product C

sales                        70,000            97000

Variable  cost           37000            51000

Contribution margin 33000            46000

Avoidable cost          10,000           20000

Unavoidable cost       7000             12000         9400

Operating income      16000            14000

Total operating income if product C is dropped is (16000+14000 +3400-9400)

=$24000

Please note that Giant company with still incur the unavoidable cost even if the product is dropped. This is assumed to be a portion of the fixed overhead expenses allocated to the product in the course of normal operation.However , the loss made of 3400 will be avoided as well

7 0
3 years ago
What name is given to the qualities needed to create and run a new<br> business?
RideAnS [48]
Perseverance. All start-up businesses face many problems.

Self-confidence. This must be unshakeable even when faced with failure.

Initiative.

Internal Locus of Control.

Tolerance of Ambiguity.

Low fear of failure.
4 0
3 years ago
Simple and avoidable errors are made in hospitals each day, causing patients to die. Inspired by two tragic medical mistakes-his
Yuri [45]

The functions of organizational culture include facilitating collective environment and giving members a sense of identity.

<h3>What is organizational culture?</h3>

It should be noted that organizational culture simply means the collection of values and expectations that guides the actions of employees.

The functions of organizational culture include:

Facilitating collective environment.

Giving members a sense of identity.

Promotion of relationship.

According to Feigenbaum approach, the steps to improve quality include quality technology, quality leadership, and organizational commitment.

It is stated that quality is free because the road to perfect goods and services is simply through prevention.

Business process re-engineering is relevant to the above hospital to achieve improvement in productivity.

Dr Provonost carried out a benchmark of the hospital by comparing the processes and the sharing of the best practices in clinical care.

The barriers that Dr. Provonost may face in implementing total quality include job apathy, poor existing quality measures, lack of accountability, and lack of good communication with employees.

The characteristics of quality customer service in the above hospital include:

A positive attitude.

Patience.

Empathy.

Delivering respect to patients.

Learn more about organizational culture on:

brainly.com/question/16049983

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5 0
2 years ago
Which type of people should be chosen to form the project team?
vaieri [72.5K]

Answer:

yes the answer is correct good job

6 0
2 years ago
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