The Lender Uses a Credit Application to Determine Whether the Borrower

question 123

Multiple Choice

The lender uses a credit application to determine whether the borrower has the ____ to handle the debt.

• A)character and confidence
• B)confidence and capacity
• C)acumen and capacity
• D)character and capacity
• E)credit and character

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Definitions:

Adaptive Selling

A sales strategy that involves customizing the sales approach based on the behavior, needs, and reactions of the customer.

Acceptance Signals

Subtle or explicit cues from a prospect or customer indicating a readiness or interest in proceeding with a purchase or agreement.

Business Situation

Business Situation refers to the current state and conditions under which a company operates, including market environment, competition, and internal capabilities.

Common Way

A widely accepted or standard method of doing something, often referred to in the context of procedures, practices, or paths.