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Banks Use Social Capital to Make Lending Decisions

question 38

True/False

Banks use social capital to make lending decisions.


Definitions:

Technopreneur

An entrepreneur who focuses on innovation in technology, leveraging technological advancements to develop new products or services.

Visionary Technologist

A professional who foresees significant technological changes and innovations, guiding their organization or sector towards future advancements.

Social Entrepreneur

Runs a social enterprise, a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.

Entrepreneurial Success

The achievement of desired business goals and objectives by individuals who organize and operate enterprises, taking on greater than normal financial risks.

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