Mort Approached the Chief Lending Officer at First Virginia Bank

question 221

Multiple Choice

Mort approached the chief lending officer at First Virginia Bank about obtaining a $75,000 loan. The banker said she would approve the loan provided that the funeral home's building was pledged as collateral. The banker was offering a(n)

• A) trade credit agreement.
• B) institutional loan.
• C) secured loan.
• D) revolving credit agreement.

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Definitions:

Value-Laden

Describes concepts, arguments, or statements that are influenced by personal values, biases, or cultural norms, often implying a lack of objectivity.

Inductive Logic

A method of reasoning in which general principles are derived from specific observations.

Deductive Logic

Deductive logic is a method of reasoning from one or more statements (premises) to reach a logically certain conclusion, operating from the general to the specific.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.