Factoring Is the Process Where Accounts Are Purchased by a Nonfinancial

question 75

True/False

Factoring is the process where accounts are purchased by a nonfinancial company at a discount from their face value in exchange for the responsibility of collection.

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Definitions:

Control Of Antecedents

A behavior modification strategy involving changing the environment or stimuli before a behavior occurs to influence or prevent that behavior.

Stimulus Generalization

A process in learning theory where a response to a specific stimulus becomes associated with similar stimuli.

Negative Reinforcement

A behavioral psychology concept where the removal of an unfavorable outcome or stimulus strengthens the behavior that led to its removal.

Biological Constraints

The concept that there are limits on what can be learned or how learning processes can unfold, based on an organism's biology.