When Assessing the Creditworthiness of New Entrepreneurs, Lending Institutions Review

question 60

Multiple Choice

When assessing the creditworthiness of new entrepreneurs, lending institutions review the "Five C's." The general impression the entrepreneur makes on the potential lender or investor is known as:

• A)capacity
• B)character
• C)collateral
• D)conditions

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Definitions:

Eastern Coast

Refers to the eastern seaboard or boundary of a continent or country, facing an ocean or sea.

Air Masses

Large volumes of air defined by their temperature and humidity characteristics, forming the basis of weather patterns.

Equator

The Equator is an imaginary line around the Earth's surface located equidistant from the North and South Poles, dividing the Earth into the Northern and Southern Hemispheres.

Latitude

A geographic coordinate that specifies the north-south position of a point on the Earth's surface.