When Evaluating the Creditworthiness of a Customer,the Term Character Refers

question 31

Multiple Choice

When evaluating the creditworthiness of a customer,the term character refers to the:

• A)nature of the cash flows of the customer's business.
• B)customer's financial resources.
• C)types of assets the customer wants to pledge as collateral.
• D)customer's willingness to pay bills in a timely fashion.
• E)nature of the customer's line of work.

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Group Norms

Shared expectations and rules that guide the behavior of individuals within a group, influencing their actions and interactions.

Conformity Research

The study of how and why individuals align their attitudes, beliefs, and behaviors with those of a group, often under social pressure or influence.

Group Pressure

The influence exerted by a group to encourage a person to conform to the group's standards.