Weakness of the "Five C's" Framework of Credit Include All

question 17

Multiple Choice

Weakness of the "Five C's" framework of credit include all of the following EXCEPT:

• A)does not specify a framework for the development of credit standards
• B)does not specify how much information to gather
• C)does not specify how to set credit standards in order to maximize shareholder wealth
• D)does not specify when to reject applicants

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Definitions:

Significantly More

A phrase indicating a much larger quantity, degree, or extent.

Significantly Fewer

A term used to describe a noticeably smaller quantity or number of something.

Third-Party Firm

An external organization that provides services or products to another company, not directly connected to the primary business.