Answer:
The two categories of sources of credit are formal and informal sources.
Explanation:
The formal source of credit as the name implies is an official means of obtaining loans. Its features include,
1. It is administered by corporate institutions like banks and other lending bodies.
2. It is regulated by a body in the relevant country.
3. There are recognized and standard interest rates that must be paid by the borrower.
4. It is guided by laws which both parties are expected to keep.
The Informal sources of credit are unofficial means of borrowing funds There features include,
1. They can be obtained from friends, relatives, and acquaintances.
2. There are no standard interest rates as these are determined by the lenders.
3. There are no official bodies to regulate the lending process.
4. They are mostly used by poor businessmen and women who need small loans.
Answer:
Fixed, fastened or closed firmly, hard to move, being pulled or drawn out fully.
Explanation:
I majored in Social Studies
The concept of <u>Ethical Relativism</u> varies from society to society and deals with the perception of what constitutes right from wrong within that society.
Explanation:
The <u>Theory of Ethical Relativism</u> states that moral objectives are not true and also ,their is no absolute truth in ethics,what is morally wrong and right depends upon the society in which we live and it varies from the perception of one society to another .
<u>Perception</u> pertain to the perspective/point of view of an individual or a society.
They brought horses back to Europe.. I don't know!
Answer:
Hi dear, the question you asked is not complete (you did not include the options) and I have tried searching for it but I couldn't. But, not to worry let me give you somethings that will help you to solve the question.
Explanation:
One of the barriers to good and effective communication is when speakers and listeners do not share a common understanding of the major issues. Other barriers to effective communication includes the speaker talking too much, the speaker not being credible, the speaker is not focused on the particular topic and many more.
There are various reasons in which speakers and listeners don’t share a common understanding and in order to avoid this it is very important to do the following;
=> Research your Topic very well.
=> The speaker must stay audience centered. That is to say, the speaker must research and know many things about his or her Audience such as their belief in that subject, their age and their values.
In conclusion, the speaker has to understand his or her listeners by making sure that he or she has made enquiries about their cultural background, religion, opinion and many others
