Loans Offered Through Microcredit Programs

question 10

Multiple Choice

Loans offered through microcredit programs

• A)are usually spent on food.
• B)suffer from low repayment rates.
• C)have very high repayment rates.
• D)have lifted borrowers out of poverty at a faster pace than nonrecipients of loans.

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Definitions:

Projected Output Rate

An estimated rate of production for future periods based on current data and trends, forecasting the volume of output.

Record Accuracy

The degree to which records are complete, correct, and reliable.

MRP

Material Requirements Planning, a system for inventory and production planning that ensures materials and products are available for production and delivery to customers.

Successful MRP

Refers to the effective implementation and management of Material Requirements Planning, a system for efficiently managing the manufacturing process through inventory control and production scheduling.