Which of the Following Can Result from a Failure to Repay

question 45

Multiple Choice

Which of the following can result from a failure to repay a loan?

• A) Bankruptcy.
• B) Loss of income.
• C) Loss of a good reputation.
• D) Damage to family relationships.
• E) All of these answers may be a result of the failure to repay a loan.

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Definitions:

Job Feedback

Information given to employees about their performance, aiming to reinforce strengths or address weaknesses.

Extrinsic Rewards

Rewards given to individuals by external sources, typically in the form of money, benefits, or formal recognition, as compensation or acknowledgment of one's work.

Monetary Bonuses

Financial rewards given to employees over and above their normal compensation, usually as a recognition of their performance or achievement.

Piece-Rate Pay

Piece-rate pay is a compensation system where workers are paid a fixed rate for each unit of production completed.