Feeling Types Make Decisions Based on Their Personal Values, Likes

question 61

True/False

Feeling types make decisions based on their personal values, likes, and dislikes.

Grasp strategies to build credibility with financial institutions.

Understand the sales-oriented approach in obtaining a loan.

Identify the risk aversion rationale of commercial lending institutions.

Identify alternative lending sources for companies with no positive cash flow.

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Definitions:

Explicit Costs

Direct, out-of-pocket payments for inputs or resources employed in the production of goods or services.

Total Cost

The aggregate amount of expenses incurred by a business in producing goods or services, including both fixed and variable costs.

Economic Profit

The variance between gross receipts and all outlays, including both tangible and intangible costs.

Accounting Profit

The total revenue of a business minus the explicit costs of operating, not including opportunity costs.