Joseph is probably denied credit due to his bad character, which is an essential element of the Three C's of Credit.
<h3>What are the Three C's of Credit?</h3>
To determine the credibility of a person for grant of a loan or an advance, a lender takes into consideration the Three C's of credit, which are as follows,
- Character
- Capacity
- Capital or Collateral.
Collaterals or Capital help in determination of security of lender from borrower, in case when the borrower is unable to repay the credit. Capacity determines the ability to repay the credit.
Character, on the other hand, helps in determination whether the customer or the borrower's behavior, and the qualities of his or her character in the society.
Hence, the three C's of credit are explained above.
Learn more about the Three C's of Credit here:
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Answer:
a. avoid seeking investment for as long as possible
Explanation:
A startup can be defined as a young or an emerging company started by one or more entrepreneurs having a core technological component and high growth potential in order to execute a unique idea or goods and services.
The general rule for a new startup is to avoid seeking investment for as long as possible.
Answer:
Classical probability
Explanation:
Classical probability is calculated only when all possible outcomes in the sample space are down and equally likely to occur. It is the probability of known events or events whose resulting probabilities are definitive
For example, students are either left-handed, right-handed or ambidextrous
Subjective probability is a guess on the likelihood an event would occur.
Experimental probability is the probability derived by repeatedly carrying out an experiment and recording the outcomes
Sorry but this is kind of confusing but can you plz help me with this math problem
Santa is trying to buy socks for all his elf helping the year. He went on Amazon and found a pack of 8 socks for $24. He wants to know what each socks cost to be able to write an equation, and later he wants to know how much 12 socks with cost him.
I need the Ratio, Unit Rate, C.O.P. And an equation
Answer:C. $6,538
Explanation:
Cost Formulae = $530 + ($114 X No of Jobs) + ($16 X No. Of meals)
Budgeted Activity for October = 20 jobs , 233 Meals
The Catering Supplies in the flexible Budget would be for October becomes :
= $530 + ($114 X 20) + ($16 X 233)
= $530 + $2280 + $3,728
= $6,538
