Which of the Following Suggests That an Explanation Involving Fewer

question 14

Multiple Choice

Which of the following suggests that an explanation involving fewer components is better than one involving more?

• A) rule of twos
• B) rule of parsimony
• C) data reduction rule
• D) min-max rule

Understand the sales-oriented approach in obtaining a loan.

Identify the risk aversion rationale of commercial lending institutions.

Identify alternative lending sources for companies with no positive cash flow.

Know the importance of providing credible business documents in lending decisions.

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Definitions:

Rapidly Changing Technologies

Refers to the swift and ongoing advancement in technology that impacts individuals, businesses, and society, requiring continuous adaptation and innovation.

Digital and Social Media

Platforms and technologies that enable users to create, share content, and participate in social networking online.

Health-Care Information

Data and knowledge related to the diagnosis, treatment, and prevention of diseases and health conditions, as well as the management and organization of health-care services.

U.S.-Based NGOs

Non-governmental organizations headquartered in the United States that operate on both a domestic and international level, focusing on various issues such as humanitarian aid, environment, and human rights.