A Company That Specializes in Making Loans to the Customers

question 31

Multiple Choice

A company that specializes in making loans to the customers of a particular retailer or manufacturer would best be categorized as a

• A)sales finance institution.
• B)personal credit institution.
• C)business credit institution.
• D)lease finance company.
• E)factoring company.

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Definitions:

Bureaucratic

Describes an administrative system governing any large institution that is characterized by fixed rules, hierarchy, and a detailed division of labor.

Mechanistic Organizations

Organizations characterized by a rigid hierarchy, fixed duties, and a focus on rules, giving them a machine-like efficiency.

IT

Information Technology, the use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Uniformly Positive

A consistent and universally favorable attitude or assessment across various situations or subjects.