Answer:
The Act was introduced to: promote a fair and non-discriminatory marketplace for access to consumer credit
Explanation:
The National Credit Act was enacted on the premise that consumers need to be protected from this practice. The Act thus exerts pressure on the credit lenders to assess the consumer's ability to repay, disclose the cost of credit, as well as setting limit on interest that can be charged.
The vision of an organization is vital for any organization but it is almost unachievable and majority of organizational visions fails in it as they are rational, time-bound and highly impersonal.
<h3>Why is a vision important to any organization?</h3>
A vision is really important for any organization because it serves as a strategic plan for success.
Vision provides the focus and direction, that helps to align everyone with the organization in order to achieve the desired goal.
It helps to increase efficiency and productivity in the organization.
Learn more about the vision of an organization here:-
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Answer:
The firm's expected rate of return is 9.9%
Explanation:
Please see attachment .
Since Eva would like more information on services available at her bank, she can use the following resources explained in item 3,5 and 2.
Item 3 customer services representative at the bank. This is the best choice. Item 2 printed material and item 5 bank websites can be included.
Answer: Prefer higher risk projects over lower risk projects.
Explanation:
The weighted average cost of capital refers to how the cost of capital for a firm is calculated whereby the category of capital is weighted.
Since the firm uses its overall WACC as the discount rate for all proposed projects and due to the fact that the divisions are in separate line of business and each division has its own risk, then a division within the firm will tend to prefer higher risk projects over lower risk projects.
