If Each Person Purchases an Item, and Then They Only

question 28

Multiple Choice

If each person purchases an item, and then they only use it a small percentage of the time, this is an example of a(n) ________ model.

• A) subscription
• B) access
• C) private ownership
• D) crowdsourcing

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make the required payments.

Debtor

A person or organization that has a debt or financial liability to another entity.

Perfection

A legal process that gives a secured creditor priority over claims from other creditors regarding a debtor's asset.

Collateral

Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower defaults.