Clearview Corporation,a Company That Deals Mainly with the Financing and Distribution

question 109

Multiple Choice

Clearview Corporation,a company that deals mainly with the financing and distribution of music,issues debt with a maturity of 15 years.In the case of bankruptcy,holders of this debt will have claim to the intellectual property of Clearview.Which of the following best describes this type of corporate debt?

• A)a note
• B)a debenture
• C)a mortgage bond
• D)an asset-backed bond
• E)unsecured debt

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Definitions:

Secondary Reinforcers

Stimuli that do not innately satisfy a need but acquire reinforcing qualities through association with primary reinforcers.

Construct

An abstract concept or a theoretical variable that is intentionally created to understand and explain behavior or phenomena in psychology.

Schema

Cognitive frameworks or concepts that help individuals organize and interpret information, based on their experiences and prior knowledge.

Commonality Corollary

This principle, originating from George Kelly's personal construct psychology, suggests that for two people to communicate effectively, they must have some constructs in common.