Asset-Based Financing Is an Efficient Means of Borrowing Because the Business

question 122

True/False

Asset-based financing is an efficient means of borrowing because the business only pays for the capital it actually needs and uses.

---

Definitions:

Fourteenth Amendment

An amendment to the United States Constitution that grants citizenship to anyone born or naturalized in the U.S. and guarantees all citizens equal protection under the laws.

Bill Of Rights

The first ten amendments to the United States Constitution, guaranteeing essential rights and liberties to the American people.

State Level

Pertaining to the jurisdiction or activities that are governed at the state rather than federal level in the United States.

Petit Jury

A group of 6 or 12 citizens who are summoned to and sworn by the court to hear evidence presented by both sides and render a verdict in a trial.