In Evaluating a Loan Application, Part-Time Income Cannot Be Discounted

question 71

True/False

In evaluating a loan application, part-time income cannot be discounted on the basis of its source.

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Definitions:

Extinction

In the context of behavioral psychology, it refers to the gradual weakening and eventual disappearance of a conditioned response when it is no longer reinforced.

Behaviorist Approach

A learning theory that focuses on observable behaviors and the ways they're learned, emphasizing the importance of external stimuli and reinforcement.

Observable Behavior

Refers to actions or reactions of an individual or system that are visible and measurable.

Cognitive Activities

Mental tasks and processes involved in the acquisition, processing, and use of knowledge.