In the Five Cs of Credit, Conditions Refer to What

question 79

True/False

In the five Cs of credit, conditions refer to what will happen if the borrower does not repay the loan.

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Definitions:

Surplus Labor

Refers to the portion of labor capacity that exceeds the necessary labor for producing a desired output.

Referrals

People who apply for a vacancy because someone in the organization prompted them to do so.

Vacancy

An unoccupied position or job opening within an organization.

Labor Shortages

A situation where the demand for labor in a particular market or industry exceeds the supply of workers willing or available to work.