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3 years ago

Why do some lenders require borrowers to secure credit

Business

1 answer:

joja [24]3 years ago

4 0

<u>Complete Question:</u>

Why do some lenders require borrowers to secure credit?

A. To prevent defaults

B. To guarantee full repayment

C. To avoid any losses

D. To reduce risk

Answer:

Option D. To reduce risk

Explanation:

The reason is that the lender faces the credit risk which is the risk of the loss of the repayment in whole or in parts and the risk of default of the interest payments by the borrower.

So if we see the options, the option A, B and C are basically the credit risk that the lender is facing so the only option that is more general (not specific as the option A, B and C) and includes these three options is option D.

So the option D is correct.

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Lilly Ann went to the pet store with her mother to buy a gerbil. After choosing her gerbil, she and her mother went to look at c

iogann1982 [59]

Answer:

The answer is "b" - Customization

Explanation:

<u>Product Customization</u> is a process of delivering customized goods and services to the customers as per their needs and desire. Customers can either approach a merchant to make certain customizations in a product or personalize the products themselves, exactly the way they want.

It is also known as product personalisation. This is evident in the given situation, as Lilly Ann can customize the cage according to her own preferences.

<u>Standardization</u>

Product standardization refers to the process of maintaining uniformity and consistency among the different iterations of a particular good or service that are available in different markets.

It is a process of marketing a good or service without making any changes to it
Standardization would be correct, if they brand offers the cage without any changes.

<u>Mass customization:</u>

Mass customization is a marketing and manufacturing technique which combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.
Other names for mass customization include made-to-order or built-to-order.

<u>Mass production:</u>

Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology.
Mass production facilitates the efficient production of a large number of similar products.

<u>Modular design:</u>

Modular design is a design approach that creates things out of independent parts with standard interfaces.
This allows designs to be customized, upgraded, repaired and for parts to be reused.

7 0

3 years ago

Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 e

NISA [10]

Using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is <u>$2,250</u>.

<h3>What is the specific identification method?</h3>

The specific identification method is an inventory method that identifies specific inventories sold and uses their specific costs in valuing the cost of goods sold.

<h3>Data and Calculations:</h3>

Date Units Unit Cost Total Balance

June 1 1 $500 $500 $500

July 9 2 $550 $1,100 $1,600

Sept. 23 2 $600 $1,200 $2,800

Dec. 24 -1 $550 $550 $2,250

Thus, using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is <u>$2,250</u>.

Learn more about specific identification methods at brainly.com/question/25056275

4 0

2 years ago

What is the book of first entry

taurus [48]

Answer:

Journals

Explanation:

“books original entry refers to the accounting journals in which business transcriptions are initially recorded the information in these books are summarized and posted into a general ledger from which financial statements are produced"

3 0

3 years ago

Which statement is true about an original fashion and its knockoff? A. The knockoff will be more expensive than the original. B.

qaws [65]

Answer:

D. The knockoff may miss the finer fit and design details of the original.

Explanation:

Knockoffs are popular in the fashion industry of today. Why? Since most designer items are highly wanted, but unreachable and too expensive for the masses, some manufacturers opted to create <em>replicas</em> of those items.

These items are often made in mass production factories. This is why they often miss the artisan and fine touch of the original designer item.

6 0

3 years ago

The sticky-wage theory of the short-run aggregate supply curve says that the quantity of output firms supply will increase if

nignag [31]

Answer:

a.the price level is higher than expected making production more profitable.

Explanation:

The sticky wages shows that the output increases if the price level is higher because an increase in price level increases the profitability and the increased profitability increases output.

7 0

4 years ago