A Lender Will Want to Know the Following in Order

question 15

Multiple Choice

A lender will want to know the following in order to assess an applicant's management ability

• A)the applicant's level of knowledge about the business
• B)the applicant's personal interests and hobbies
• C)how well liked the applicant is by their employees
• D)performance evaluations received by the applicant when they were employed

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Definitions:

Work Shift

A period of time during which a group of workers performs their job duties at a company or workplace.

Electricity Costs

The amount incurred by a business or individual for the use of electricity over a specific time period.

Kilowatt-hour

A unit of energy measurement equivalent to one kilowatt of power expended for one hour of time, commonly used for billing electricity usage.

Straight-line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, representing the asset’s decrease in value over time.