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sergeinik [125]
3 years ago
7

Before giving you a loan or credit, lending institutions may want to know more about you to help determine whether you are a goo

d person to give loans or credit. True False
Business
2 answers:
lisov135 [29]3 years ago
5 0

Answer:

True

Explanation:

This statement is true.

Let us consider this case from the perspective of a lending institution. If we are to give someone a loan, we will make sure that the receiver is a person who is stable in his income and will be able to pay back the loan.

If we have two people asking for loan (assume their name as A and B). Suppose A is working a stable job with 5 years in a bakery. He has no defaultery record in his finances and has no credit due on his account.  Furthermore he is taking loan to open up his own bakery. Similarly, assume B has switched 5 jobs in the last 3 years with periods of unemployment in between. He has credits due on his house rent and car payment and is taking loan to invest on an investment scheme his friend told him about.

It is easy to pick the right candidate from above information. Subject A is more stable than B and hence lenders will most likely be giving A the loan and B's application would be rejected.

olya-2409 [2.1K]3 years ago
4 0
I believe this would be true.
hope this helps!
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__________ unemployment refers to loss of jobs due to a recession or a similar downturn in the economy.
Eva8 [605]

Answer:

Cyclical unemployment is the loss of jobs due to a recession or downturn in an economy.

Explanation:

Cyclical unemployment is a type of unemployment. It is also known as Keynesian or deficient-demand unemployment. This type of unemployment occurs when the overall demand in an economy is not enough to provide jobs to the people who want to work. Cyclical unemployment is observed during the periods of slow economic growth or recession.

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3 years ago
Traditionally, ________ were always set up as non profit corporations.
riadik2000 [5.3K]
The answer is:

Traditionally, SOCIAL ENTERPRISES were always set up as non profit corporations.
4 0
3 years ago
Translate
Sedbober [7]

Answer:

from Spanish to English the question ia translated as: Question 16 of 25 Todd, a travel agent, lost his job because he did not need his skill. This is an example of what kind of unemployment? A. unemployment Cyclical

Explanation:

No other answers were given, so its impossible to translate thw other answers

5 0
3 years ago
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in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next s
Alexus [3.1K]

The next step in the purchase process will be to identify and determine the potential suppliers.

<h3>What is a purchase process?</h3>

It should be noted that that purchasing process simply has to do with the buying of goods and services.

In this case, in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next step would be to identify and determine the potential suppliers.

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6 0
2 years ago
Approximately 85% of the customers at Hanson’s Furniture Store purchase furniture using store credit. The store’s average collec
Ket [755]

Answer:

Explanation:

Using or applying a Net 30 payment terms, having an average collection time of 75 days with the customers, Hanson's furniture store, are to either reduce their store credit option, so as to encourage let's say within 45% of their store credit customers to be able to pay upon receipt, or reduce their operating period. Which is the best option for the store to maintain minimum cash balance.

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