What Do We Call Small Loans That Are Made Available

question 17

Multiple Choice

What do we call small loans that are made available to the poor for starting small businesses?

• A) Concessional assistance.
• B) Microcredit.
• C) Development grants.
• D) Mini-loans.

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Definitions:

Job Control Unionism

A labor movement strategy that focuses on managing aspects of employment, such as hiring practices, work assignments, and promotions, through union influence.

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity, developed by Frederick Taylor.

Self-Directed Work Teams

Groups of employees who are given the autonomy to manage themselves and their work, often including planning, scheduling, and execution of tasks.

Auto Industry

A global sector that designs, manufactures, markets, and sells motor vehicles.