Fred Started His New Landscaping Business with a Commercial Loan

question 72

Multiple Choice

Fred started his new landscaping business with a commercial loan.He uses his credit card to pay for weekly supplies such as fertilizer and mulch.Business growth has been slow and Fred is having a difficult time keeping up with his monthly loan and credit card payments.He is now considering borrowing against his home to stay current with his initial loan and for other needed expenses.Fred's business is MOST at risk because ________.

• A) Fred has not acquired enough customers.
• B) Fred's home may not have enough equity to qualify him for an additional loan.
• C) Fred is taking on too much debt.
• D) Fred's business does not have enough revenue.
• E) Fred is too lenient on the terms of collection.

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Definitions:

Objective Reality

The state or quality of being true and existing outside of an individual's feelings, thoughts, or biases.

Collective Consciousness

The body of beliefs that are common to a community or society and that give people a sense of belonging.

Durkheim

A foundational sociologist who explored the complex relationship between individuals and society, emphasizing the importance of social norms and values.

Dramaturgical Perspective

An approach in sociology that depicts human interaction as theatrical performances where individuals are actors playing roles.