Which of the Following Is Not an Objective of a Credit

question 7

Multiple Choice

Which of the following is not an objective of a credit union?

• A)to satisfy credit union members
• B)to act as an intermediary for members by repackaging deposits
• C)to provide loans to members who are in need of funds
• D)all of the above are objectives of credit unions.

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Definitions:

Hot Stove Rules

A principle of discipline proposing that consequences for inappropriate behavior should be immediate, consistent, impersonal, and moderate, akin to touching a hot stove.

Employee Discipline

The enforcement of organizational rules and policies to rectify and prevent unacceptable behavior by employees.

Progressive Discipline

A system of dealing with job-related behavior that does not meet expected and communicated performance standards, starting with the least severe action.

Organisational Expectations

The standards, goals, and performance criteria that an organization sets for its employees or members to guide their behavior and work output.