Describe Four Factors You Should Consider When Choosing a Financial

question 16

Essay

Describe four factors you should consider when choosing a financial institution.

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Definitions:

Decision Making

The cognitive process resulting in the selection of a course of action among several possible alternatives.

Long-Term Assets

Long-term assets, also known as non-current assets, are resources a company expects to use or hold for more than one year, such as property, plant, and equipment.

Acquisition

The process of obtaining control of another company by purchasing its stock or assets.

Disposal

The act of getting rid of something, such as selling off an asset or throwing away unusable items.