In Developing Nations, Microloans

question 20

Multiple Choice

In developing nations, microloans

• A)have enabled small businesses with limited access to credit to purchase capital and expand, allowing greater economic growth.
• B)have increased the indebtedness of impoverished people, slowing economic growth.
• C)are primarily used to finance consumption expenditure, leading to economic growth.
• D)are far too small to have any discernible effect.
• E)discourage saving and investment.

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Definitions:

Allocating Resources

The process of distributing available assets and resources among various projects, departments, or units to achieve organizational goals effectively.

Informational Roles

Roles that involve the processing and dissemination of information, crucial for decision making and organizational coordination.

Figurehead

A person who holds a title or office but has little real power or authority, often serving a symbolic role.

Liaison

A person or role that acts as a link to assist in communication or cooperation between groups or individuals.