Answer:
64%
Explanation:
Commercial banks have been found to provide most of the credit needs of small businesses. So small business owners are more likely to get a loan from a commercial bank close to them.
Commercial banks however tend to be reluctant when the economy is stagnant. Mostly small businesses in an economy that is slow have challenges repaying loans collected.
However funds have been made available for small business and are made available primarily through commercial banks
Answer: Therefore, we should make her an offer at that salary
Explanation:
Based on the information given in the question,
Lowest salary = $60,000
Highest salary = $110,000
Expected Benefit = 5% × ($110,000 - $60,000) = 5% × $50,000 = $2500
The cost of conducting another interview will be:
= cost of time + cost of travel
= $750 + $4250
= $5000
Since the cost of conducting the additional interview is more than the expected benefit, therefore the interviewee should be hired rather than continuing the interviewing process.
Therefore, we should make her an offer at that salary.
