Which of the Following Statements Is True

question 69

Multiple Choice

Which of the following statements is true?

• A)The administrative costs per dollar are greater for a large loan than a small loan.
• B)The risk on a long-term loan is likely to be less than on a short-term loan, ceteris paribus.
• C)a and b
• D)none of the above

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Definitions:

Shared Values

The fundamental beliefs and principles that guide the behavior of individuals within an organization or community.

Observable Culture

The aspects of an organization's culture that can be seen or noticed through behaviors, rituals, and symbols.

Implicit Culture

The unspoken, assumed values and norms that influence behavior and expectations within a group or organization, not formally documented.

Duty of Cooperation

An obligation that requires the parties in a contract to act in good faith and assist each other in fulfilling the contract terms.