In Analyzing an Applicant's Creditworthiness, the Credit Manager Typically Gives

question 112

True/False

In analyzing an applicant's creditworthiness, the credit manager typically gives primary attention to two of the five C's of credit collateral and condition since they represent the most basic requirements for extending credit to an applicant.

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Definitions:

Labour Force

The total number of people employed or seeking employment in a given area or economy.

Expectancy Theory

A psychological theory about motivation predicting that an individual's motivational force is a result of expectancy, instrumentality, and valence.

High Instrumentality

The belief or expectation that high performance will lead to desirable outcomes.

Procedural Justice

The fairness in the processes that resolve disputes and allocate resources, emphasizing transparency, and consistency in the procedures.