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4 years ago

What are high-risk loans?

Business

2 answers:

Nesterboy [21]4 years ago

7 0

The answer should be C

Stolb23 [73]4 years ago

5 0

The answer is: C). loans that are given to consumers with bad credit

Consumers with bad credit tend to have high chance of not be able to give back their loan. This is why these consumers are considered to be 'high-risk' in the perspective of the credit providers.

Bad credit usually obtained due to inability to pay credit in the past, had higher spending compared to the amount of income, and do not possess any assets that can be used as collateral.

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A strong internal control system will reduce the amount of substantive testing that must be performed.A ) True B ) False

Doss [256]

Answer:

A) True

Explanation:

The internal control structure deals with the rules, laws, procedures, practices that vary from company to company that are necessary to attain an organization's goals and objectives.

The substantive testing is an audit process aimed at checking the accuracy and reliability of the financial statements. To check if the financial statements are free from any errors, mistakes, fraud, etc. that can change users' decisions.

The financial statements should be relevant, reliable and finalize in all respects.

Therefore, a strong internal system will reduce the quantity of substantive testing required.

4 0

3 years ago

Outsourcing strategies: Select one: a. Carry the substantial risk of raising a company’s costs. b. Carry the substantial risk of

Simora [160]

Answer:

The correct answer is letter "C": Involve farming out value chain activities presently performed in-house to outside specialists and strategic allies.

Explanation:

Outsourcing refers to a practice that companies engage in to take their operations abroad to lower production costs and avoid being subject to stiff regulations that might harm their profits. <em>Under this approach, firms value chain activities handled in their original country are taken to countries where the manufacturing and labor costs are much lower with and relatively similar qualified workforce and suppliers.</em>

Outsourcing might harm the employment rate in the domestic country of the company handling operations abroad but could benefit the outsourced nation by introducing job opportunities where there may not even be basic labor conditions.

8 0

4 years ago

Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a

blondinia [14]

Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a product liability suit against Wideload, alleging a design defect. In deciding whether to hold the maker liable, the court may consider: The expectations of the ordinary consumer.

<h3><u>Explanation:</u></h3>

The disputes that are related to any legal sections regarding the liability of the products are subjected to a consumer expectations test. The main purpose of the conduction of this test is to ensure that the product is properly manufactured and the defectiveness in the warning information of that particular product.

A product will be concluded to be defective under this test when a consumer finds that the product is defective. In the given example, Verna files a product liability suit against Wideload, regarding the defects associated with the design. Thus, the court may consider The expectations of the ordinary consumer for making it liable.

6 0

3 years ago

Read 2 more answers

A company discarded a computer system originally purchased for $18,000. The accumulated depreciation was $17,200. The company sh

dezoksy [38]

Answer:

The correct answer is $800 loss.

Explanation:

According to the scenario, the given data are as follows:

Purchased Amount = $18,000

Accumulated depreciation = $17,200

So, we can calculate the book value by using following formula:

Book value = Purchased Amount - Accumulated depreciation

By putting the value in the formula, we get

$18,000 - $17,200 = $800

So, if company discarded the computer system, Then

Book value of computer system = Loss to the company

Hence, Company Loss = $800

3 0

3 years ago

Helen is planning to open a high-fashion clothing store for young professional women. which descriptor is the most important con

MA_775_DIABLO [31]

She would want to choose elegant, high-end fixtures. Fixtures in a retail operation refer to the clothing racks, display cases, mannequins, signage, and other display equipment. Since Helen is selling high-fashion to professional women she needs to project a high-end professional image.

8 0

4 years ago