(Last Word) Loans Offered Through Microcredit Programs

question 251

Multiple Choice

(Last Word) Loans offered through microcredit programs

• A) are usually spent on food.
• B) suffer from low repayment rates.
• C) have very high repayment rates.
• D) have lifted borrowers out of poverty at a faster pace than nonrecipients of loans.

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Definitions:

Job Design

The process of organizing tasks, duties, and responsibilities into a productive work unit to achieve a specific goal.

Ergonomics-Based Model

A framework that focuses on designing workspaces and products to best fit human physical and psychological needs, enhancing productivity and safety.

Importance Of Other People

emphasizes the significance and influence that other individuals have on one's behavior, decisions, and psychological well-being.

Mechanistic Approach

A framework in organizational design that emphasizes structured and controlled processes, with a clear hierarchy and rigid division of labor.