Asset-Based Lending Is a Type of Financing Secured by Assets

question 101

True/False

Asset-based lending is a type of financing secured by assets such as equipment and inventory.

---

Definitions:

Thorndike's Law of Effect

A psychological principle stating that behaviors followed by satisfying consequences are likely to be repeated, while those followed by unpleasant consequences are less likely to be repeated.

Pleasant Events

Activities or experiences that induce a state of enjoyment, happiness, or satisfaction.

Unpleasant Events

Incidents or occurrences that cause discomfort, distress, or unhappiness.

Partial Reinforcement

One of several reinforcement schedules in which not every correct response is reinforced.