The Most Common Reason Banks Give for Rejecting Small Business

question 120

True/False

The most common reason banks give for rejecting small business loan applications is the entrepreneur's poor credit history.

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Definitions:

Interventions

Actions taken to improve a situation or problem, often within a therapeutic, educational, or social context.

Applied Social Psychologist

A professional who uses social psychological theories and methods to address real-world problems and improve the quality of human life.

Positive Reinforcement

A process in which a behavior is followed by a reward, increasing the likelihood that the behavior will be repeated.

Negative Reinforcement

A behavioral principle where removing an unpleasant stimulus in response to a specific behavior increases the likelihood of that behavior being repeated.