Which of the Following Is the Most Common Source of Financing

question 125

Multiple Choice

Which of the following is the most common source of financing for personal loans?

• A) Family and friends
• B) Financial institutions
• C) Peer-to-peer lending
• D) Sales finance companies

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Definitions:

Prevention Cost

Costs incurred to avoid producing defective products, including expenses related to quality training, equipment maintenance, and process improvement.

Quality Cost Report

A document summarizing the costs associated with preventing, detecting, and rectifying product defects, including the costs of quality control measures.

Manufacturing Cycle Efficiency

A metric that measures the ratio of productive manufacturing time to total cycle time, aiming to assess production efficiency.

Increase

A rise in quantity, value, or some other measure, indicating growth or expansion.