A Lender That Makes a Loan to an Individual Whose

question 85

Multiple Choice

A lender that makes a loan to an individual whose only income is commission based and who hasn't made a sale in six weeks may be violating which of the 6 Cs of lending?

• A)Character
• B)Capacity
• C)Cash
• D)Control
• E)Collateral

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Definitions:

Manufacturing Obstacles

Challenges or hindrances encountered during the production process that can lead to inefficiencies or increased costs.

Uncertainties

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Competition And Consumer Act

Legislation that aims to promote fair trading and competition while protecting consumers from unfair practices in the marketplace.

Commercial Activities

Transactions and activities undertaken by businesses that are aimed at generating profit, such as sales and marketing operations.