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Scenario 9-2

question 115

Multiple Choice

Scenario 9-2. Ryan has just graduated from college with a business degree. He has a wonderful idea for a new business called Ryan's Road Machines. He would like to sell a variety of all-terrain vehicles (ATVs) for the personal use of his selected clientele. Outstanding customer service will be his competitive advantage as he provides individual service to each of his customers. He has just one small problem, no capital. He knows that he must meet the five C's of credit when looking at external funding in order to prove his creditworthiness.
-In Scenario 9-2, Ryan has never borrowed money before; however, he currently has a loan outstanding for his school expenses. Which of the five C's is judged primarily on the applicant's past repayment patterns?

Definitions:

Supply Chains

Networks connecting suppliers, manufacturers, distributors, and retailers, facilitating the production and delivery of goods to consumers.

=MAPE Function

Stands for Mean Absolute Percentage Error, a statistical measure used to assess the accuracy of forecasting models.

Mean Absolute Percent Error

A measure of prediction accuracy in statistics, representing the average of the absolute percentages of errors between predicted and observed values.

Strategic And Planning Decisions

High-level decisions that shape the overall direction and objectives of an organization, involving long-term planning and allocation of resources.