The nations selling the gasoline would be in trouble. They would earn less money and the possibility of a depression like the one the US had under Hoover and FDR would occur.
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:
brainly.com/question/8743350
#SPJ1
Answer:
No
Explanation:
The trial balance shows the totals of all transactions that have been recorded. It has no way of knowing if there are additional transactions that have not been recorded.
A definition of the hierarchy of project tasks subtasks and work packages