When the Receiver Acknowledges the Message and Responds to the Sender,_____

question 55

Multiple Choice

When the receiver acknowledges the message and responds to the sender,_____ has occurred.

• A) feedback
• B) encoding
• C) reciprocity
• D) all of the above

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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 defaults.

Proceeds

The total amount of money or assets that result from a particular transaction or event.

Consideration

Something of value that is given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Chattel Paper

A document or electronic record that evidences both a monetary obligation and a security interest in specific goods or a lease of specific goods.