6-63 a Person with a History of Bad Credit and an Inconsistent

question 27

Multiple Choice

6-63 A person with a history of bad credit and an inconsistent record of payments on other debt is most likely to find a short-term loan through a

• A)commercial bank.
• B)personal credit institution.
• C)savings bank.
• D)sales finance institution.
• E)payday lender.

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Definitions:

Market Share

The portion of a market controlled by a particular company or product, usually expressed as a percentage of total sales in that market.

Reported Profit

The profit amount shown in a company's financial statements, adhering to accounting standards and principles.

Goodwill

Intangible asset reflecting the value of a business above its tangible assets and liabilities, often arising from brand reputation, customer relationships, or intellectual property.

Intangible Assets

Assets that lack physical substance, such as patents, trademarks, and goodwill, important in evaluating a company's worth.