BUSN 11 Introduction to Business Student Edition
11th Edition
ISBN: 9781337407137
Author: Kelly
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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Evaluate the importance of a good credit policy
Why is credit important to business
explain this phrase "credit business is good business"
Chapter A Solutions
BUSN 11 Introduction to Business Student Edition
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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
- why government or a regulator want achieve a self benefiting side effect, and may not be concerned with the direct consequences for banks?arrow_forwardWhat is the Role of Corporate Finance? What is Corporate Finance Example?arrow_forwardHow will your answer change if some individuals are borrowing-constrained?arrow_forward
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