Notes Payable Can Be Either Spontaneous Secured or Spontaneous Unsecured

question 159

True/False

Notes payable can be either spontaneous secured or spontaneous unsecured financing and result from the normal operations of the firm.

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Definitions:

Control Theory

Holds that the rewards of deviance and crime are ample. Therefore, nearly everyone would engage in deviance and crime if they could get away with it. From this point of view, the degree to which people are prevented from violating norms and laws accounts for variations in the level of deviance and crime.

Deviant Impulses

refer to thoughts or behaviors that significantly deviate from the societal norms or values.

Commit Crimes

The act of engaging in activities that are declared illegal by law, which can involve violations ranging from minor infractions to serious felonies.

Zero Tolerance

A strict enforcement policy where predetermined actions are met with specific and non-negotiable penalties.