BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
11th Edition
ISBN: 9781337407120
Author: Marcella Kelly, Chuck Williams
Publisher: Cengage Learning
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Chapter A, Problem 3LO
Summary Introduction
To discuss: The importance of using credit wisely.
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Why is credit important to business
Evaluate the importance of a good credit policy
explain this phrase "credit business is good business"
Chapter A Solutions
BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
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- Provide the 3 advantages and 3 disadvantages of credit instrument to the following: Entrepreneurs Agricultural Businesses Sari-sari store Online sellers Buy and sell businessesarrow_forwardWhat goes into making a credit score? What factors are most important? Please explain why the credit scoring agency weights these factors the way they do. For example, why is it that new credit accounts being opened are small while payment history is extensive? Does it make sense?arrow_forwardWhat should be the primary objectives of most bank consumer lending compliance program?arrow_forward
- What is the Role of Corporate Finance? What is Corporate Finance Example?arrow_forwardwhy government or a regulator want achieve a self benefiting side effect, and may not be concerned with the direct consequences for banks?arrow_forwardHow will your answer change if some individuals are borrowing-constrained?arrow_forward
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