In the Context of Small Businesses, Which of the Following

question 51

Multiple Choice

In the context of small businesses, which of the following is true of asset-based financing?

• A) All asset-based loans are financed against inventory.
• B) It accepts the assets of a firm as collateral in exchange for a loan.
• C) Of all assets, inventory is considered the most liquid of a service company's assets.
• D) It is a form of debt security with a standard denomination and method of interest payment.

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Definitions:

Biological Maturation

The natural process by which organisms grow and develop, guided by genetic factors and largely independent of external influences.

Freud

Refers to Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Id, Ego, Superego

Components of the human psyche in Freudian psychoanalytic theory, with the id being instinctual desires, the ego the realistic mediator, and the superego the moral conscience.

Hull House

A settlement house founded by Jane Addams and Ellen Gates Starr in Chicago in 1889, aiming to assist immigrants and the poor with educational and social services.