According to your text, increased use of tariffs and embargoes by countries and reductions or eliminations of trade barriers by country governments will hinder foreign competition.
Tariffs and embargoes create higher prices and reduce access to international markets, while trade barriers create restrictions and reduce free trade.
Competition is the competition between sellers who are both trying to get profits, market share, and the number of sales. Sellers usually try to outperform the competition by differentiating prices, products, distribution and promotions.
Learn more about tariffs increase: brainly.com/question/30625966
#SPJ11
Economic efficiency in a competitive market is achieved when:_________.
a. economic surplus is equal to consumer surplus.
b. the marginal benefit equals the marginal cost from the last unit sold.
c. consumers and producers are satisfied.
d. producer surplus equals the total amount firms receive from consumers minus the cost of production.
Answer:
D.) producer surplus equals the total amount firms receive from consumers minus the cost of production
Is a business plan a one time fee?
Answer:
i think so :)
Explanation:
Which of the following is NOT a type of decision described in the segment?
Contingent decision
"Why" decision
"Whether" decision
"Which" decision Thing
Among the listed decisions, contingent decisions are not a type of decisions described in the segment since they are decisions already made
What is decision-making?Decisions making are choices that are made among different choices that are placed before an individual.
Some of the decision styles that are crucial to an individual or business include:
DirectiveAnalytical ConceptualBehavioralAmong the listed decisions, contingent decisions are not a type of decisions described in the segment since they are decisions already made but on hold pending the occurrence of a certain event or occurrence.
Learn more on decision here: https://brainly.com/question/5341210
When calculating unemployment rate, how do you factor in a part-time employee,
such as someone working 20 hours a week but wants to work 40.
A.They count as 0.5% or half employed
B.They count as fully employed
C.They are not counted as part of D.the labor force
They are counted as unemployed
They are counted as 0.5%, or the half employed, for determining the unemployment rate. The unemployment rate is the percentage of jobless people in the labour force.
The labour force is made up of people who are either employed or unemployed. The Centre for Monitoring Indian Economy said that India's unemployment rate rose from a four-year low of 6.43% in September to 7.77% in October. A person is said to be unemployed if they are actively looking for work and are thought to be the employable. This group includes those who are in the workforce but do not have acceptable occupations.
To learn more about unemployment rate, click here.
https://brainly.com/question/15230373
#SPJ1
Describe how human desires would be met with no scarcity.
Answer:
Human needs are the impulse that individuals have to access certain goods or things. Scarcity, in turn, is the lack of goods or things to meet the needs of all humans in general.
Therefore, all human needs could be covered without major problems if the phenomenon of scarcity did not exist, that is, if there were more goods available than those demanded by society.
A country wants to create a fair economy for its people. The government takes control over the country's biggest companies and puts groups of workers in charge. All citizens are encouraged to share the wealth produced in these companies equally, This situation best reflects the influence of which economic thinker? O A. Adam Smith O B. Karl Marx O C. John Maynard Keynes O D. Thomas Robert Malthus
Answer:
B). Karl Marx
Explanation:
Karl Marx is the economic thinker whose influence has been best reflected in the given situation as it talks about socialism which is the intermediate phase between capitalism and attaining full communism as per Marx. Socialism advocates collective pr governmental ownership and administration of the means of production and distribution of goods as mentioned in this situation. It is the foundation to communist society (Marx's proposed version of an ideal economy) where the people hold the ownership of distribution of resources collectively. Thus, option B is the correct answer.
What is the purpose of Journals in the accounting cycle?
A. Provide proof of all transactions
B. Record transactions for a business
C. Determines if credits and debits are equal
D. Records transactions in accounts
Answer:
b. record transactions for business
Explanation:
A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.
unlike in the mass production era, in today's marketplace:
Unlike in the mass production era, in today's marketplace businesses focus on partnering with members of the supply chain to enhance customer value. The correct option is A.
Businesses today concentrate on forming alliances with supply chain participants to increase customer value. Businesses can streamline operations, cut costs and boost efficiency by collaborating and integrating throughout the supply chain. Businesses can provide customers with superior goods and services by collaborating closely with suppliers, distributors and retailers.
Access to specialized knowledge, pooled resources, and synergistic opportunities are made possible by strong partnerships. Additionally, collaboration encourages innovation and makes it easier to respond to market changes. Businesses can enhance product quality, customization options, delivery times and customer service by coordinating goals and sharing information.
Businesses strive to use partnerships to meet customer demands effectively and gain a competitive edge in the market because they recognize the importance of a collaborative supply chain.
Learn more about mass production at:
brainly.com/question/27993125
#SPJ4
The complete question is "Unlike in the mass production era, in today's marketplace:
A. businesses focus on partnering with members of the supply chain to enhance customer value.
B. supply chain management reflects a completely employee-driven management philosophy.
C. companies that focus on supply chain management commonly report high inventory costs.
D. standardized products are "pushed" down through marketing channels to consumers."
At the new equilibrium price of $200, what is the new equilibrium quantity?
When the price is $200, QD0 equals 0, QS equals 2350, and QD1 equals 2350.
The equilibrium price is the only price at which consumers' and producers' goals coincide—that is, the amount consumers want to buy of the commodity, quantity demanded, equals the amount producers want to sell, quantity supplied.
The equilibrium quantity is the name given to this common quantity. The demand and supply function (Qa - bP = x + yP) can be used to compute it. When the supply equals the demand, the equation yields an equilibrium price. To calculate the quantity, enter the equilibrium price into the demand or supply function.
To learn more about price, click here.
https://brainly.com/question/19091385
#SPJ4
CC Audio declared and paid a cash dividend of \( \$ 5,525 \) in the current year. Its comparative financial statements, prepared at December 31 , reported the following summarized information:
CC Audio declared and paid a cash dividend of 5,525 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information:
Requirements:Based on the summarized information, we are to calculate the increase or decrease in accounts payable and also the accounts receivable at the end of the year. Moreover, we need to determine the net cash flow from operating activities. Solution:We can calculate the increase or decrease in accounts payable as follows:
Current year ending accounts payable - Prior year ending accounts payable 10,250 - 9,500 = 750Therefore, accounts payable increased by 750.We can calculate the increase or decrease in accounts receivable as follows:Current year ending accounts receivable - Prior year ending accounts receivable 7,800 - 8,400 = -600 accounts receivable decreased by 600.
To know more about dividend visit:
https://brainly.com/question/28392301
#SPJ11
Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D
Answer: B. a variety of companies
Explanation:
Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.
On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.
When you order a sweater from an l.l.bean mail-order catalog, what type of marketing channel are you and the company using?
A. Cash and carry marketing channel
B. Intensive distribution channel
C. Selective distribution channel
D. Indirect marketing channel
E. Direct marketing channel function.
(E) Direct marketing channel function type of marketing channel are you and the company using.
What is Direct marketing?The act of presenting an offer directly to a target client and providing them with a way to respond immediately is known as direct marketing. It is sometimes referred to as direct response marketing among practitioners. Advertising, in contrast, is a form of mass messaging. Toll-free phone numbers, reply cards, envelope-mailable reply forms, websites, and email addresses are all examples of response methods. The CAN-SPAM Act mandates that customers in the United States be given the option to opt-out due to the ubiquity of direct marketing and the unwanted nature of some communications. Based on vendor-defined criteria, such as the average income for a specific ZIP code, purchase history, and inclusion on other lists, intended targets are chosen from wider groups.
To know more about Direct marketing visit:
https://brainly.com/question/27538940
#SPJ4
4. Determine the importance of environment conservation from the business viewpoint
Answer:
Economic expansion is not what is causing the climate crisis; rather, the lack of effective public policy meant to lower greenhouse gas emissions is to blame. As long as regulations are in place to limit the environmental effects of the goods and services we produce and use, there is no conflict between capitalism and environmental protection. With those regulations in place, consideration for environmental sustainability can and will be factored into every decision made by the private, nonprofit, and governmental organizations from which we all benefit.
The sustainability of the environment is not affected in the same way by all consumption patterns. The emergence of more sustainable lifestyles can be seen in consumption trends. Young Americans, for instance, don't seem as interested in buying cars as their parents and older siblings did. The advancement of the mobile phone has made ride-sharing, bike-sharing, and other transit options possible.
However, taking an Uber or driving your own car are both considered economic activities for the purposes of calculating GDP. These consumption patterns are typically not the subject of policymaking because they are quite influenced by shifting social norms than by governmental action. The only exceptions might be behavior that directly harms other people, like drinking and driving or smoking in public. New technologies can also lessen the impact of consumption on the environment.
Ironically, some environmentalists and some deniers of global warming share the view that environmental protection and economic growth must be compromised. Both can and must be done. Because most people in the developed world enjoy their way of life and won't give it up, we cannot stop investing in economic development. Environmental advocates will fail politically if they make such a request.
Explanation:
Political and business leaders may not care if economic growth harms the environment, and environmentalists may disagree, contending that neither economic growth nor environmental harm can coexist.
Even by itself, environmental protection promotes economic expansion. The air pollution control technologies we install on power plants and automobiles are made and sold by a third party. Additionally, environmental amenities are valuable.
Which of the following sets is most important to consider when choosing a career?
(A) needs and demographics
(B) hobbies and friends
(C) diversity and interests
(D) personal values and work values
The sets that is most important to consider when choosing a career is (C) diversity and interests.
What is a career ?Career can be described as the occupation that ios been undertaken for a significant period whgich one can focus on, through ouut hios or her life with opportunities for progress.
It should be noted that when choosing ba career one should be able to seek for the things that interest you about tyhe field because ythis will help you when the journey is getting tough because to get to the peak of the career can not be seen as one that ios easy.
Therefore, option C is correct.
Learn more about career at:
brainly.com/question/6947486
#SPJ1
Discuss what YOU feel is the most significant quantum technological change in society in the past 10 years. You may discuss one of the technologies given in class, but you MUST justify it. You should give three solid reasons why you are choosing this technology.
The most significant quantum technological change in society in the past 10 years is the development and advancement of quantum computing.
This choice is justified by three solid reasons: its potential to revolution computing, its impact on scientific research, and its implications for cybersecurity.
Firstly, quantum computing has the potential to revolutionize computing as we know it. Traditional computers use classical bits to process and store information, represented as 0s and 1s. In contrast, quantum computers utilize quantum bits or qubits, which can exist in multiple states simultaneously due to a property called superposition. This enables quantum computers to perform parallel computations and solve complex problems much faster than classical computers. Industries such as pharmaceuticals, materials science, optimization, and cryptography stand to benefit greatly from this exponential increase in computational power.
Secondly, the advancement of quantum computing has a significant impact on scientific research. Quantum computers excel in simulating quantum systems, enabling scientists to study the behavior of molecules, chemical reactions, and physical phenomena at a level of detail that was previously unattainable. This capability has the potential to accelerate the discovery and development of new materials, drugs, and technologies, leading to breakthroughs in fields like chemistry, materials science, and drug design.
Lastly, the development of quantum computing brings both opportunities and challenges in the field of cybersecurity. Quantum computers possess the ability to break current cryptographic systems, which rely on the computational complexity of factoring large numbers. This poses a threat to sensitive information protected by classical encryption algorithms. However, it also presents an opportunity to develop quantum-resistant cryptography, which leverages the principles of quantum mechanics to create robust encryption methods that can withstand attacks from quantum computers. The race to develop secure quantum communication and encryption protocols has become a crucial aspect of cybersecurity research and development.
In conclusion, the most significant quantum technological change in the past 10 years is the advancement of quantum computing. Its potential to revolutionize computing, its impact on scientific research, and its implications for cybersecurity make it a compelling choice. Quantum computing's exponential computational power, its ability to simulate quantum systems for scientific discovery, and the need for quantum-resistant encryption solutions highlight its profound impact on various aspects of society.
Learn more about revolution here:
https://brainly.com/question/29158976
#SPJ11
What is considered a drawback of a larger school? BRAINLIEST to the right answer
You may get too involved to do your course work well.
Classes may be very large, which can make it difficult to interact with faculty.
It is more expensive than a small school.
It has too many concentrations to choose from
Answer:
"Classes may be very large, which can make it difficult to interact with faculty."
Explanation:
This question really depends on the school itself and the students, but from a business point of view, the fact that your teachers and administration are very hard to reach makes it so you have to fend for yourself in most cases, and in other cases, students are basically free from any punishment or work because of overcrowding.
Answer:
Classes may be very large, which can make it difficult to interact with faculty.
Explanation:
Saw this some after I took the quiz, I figured this answer just from common knowledge.
What is the concept of Net factor income from abroad?
Net Factor Income from Abroad (NFIA) is a macroeconomic concept that measures the difference between the income received by a country's residents from foreign sources and the income paid by the country's residents to foreign sources.
It is a component of the balance of payments and reflects the net financial flows between a country and the rest of the world. Positive NFIA indicates that a country is a net lender to the rest of the world, while negative NFIA indicates that it is a net borrower. NFIA is the net inflow of income from foreign sources such as investment returns, dividends, and wages earned abroad. It represents the amount by which the income received by a country's residents from abroad exceeds the income paid to foreign residents. If a country has a positive NFIA, it means that it is earning more income from foreign sources than it is paying to foreign residents, making it a net lender to the world.
To learn more about Net Factor Income please click on below link.
https://brainly.com/question/16937226
#SPJ4
Generally accepted accounting principles do not allow variable costing to be used in external financial statements because absorption costing makes it easie financial statement users to interpret year-to-year changes in reported net income.
True or False
Due to the ease with which absorption costing enables viewers of financial statements to analyze fluctuations in reported net income from year to year, generally accepted accounting principles prohibit the use of variable costing in external financial statements. is accurate.
Net income, also known as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales, in the context of business and accounting refers to an entity's income less cost of goods sold, expenses, depreciation and amortisation, interest, and taxes for a given accounting period. It has also been described as the net growth in shareholders' equity that arises from a company's operations. It is calculated as the residual of all revenues and gains less all expenses and losses for the period. Contrary to gross income, which merely deducts the cost of products sold from revenue, this is not the same thing. Net income for families and individuals is defined as (gross) income less any applicable taxes and other deductions.
Learn more about Net income from
brainly.com/question/28390284
#SPJ4
suppose planting rose bushes creates a positive externality equal to $5 per bush. further suppose that the government offers a $3 per bush subsidy to planters. which of the following is correct? a.the equilibrium quantity is less than the socially optimal quantity. b.the current subsidy is greater than the ideal corrective subsidy. c.the equilibrium quantity is greater than the socially optimal quantity. d.the current subsidy is the ideal corrective subsidy.
The equilibrium quantity is less than the socially optimal quantity. Correct option is a.
This is because there is a positive externality associated with planting rose bushes, meaning that the private benefit to the planter is lower than the total social benefit. In the absence of any intervention, the equilibrium quantity of rose bushes planted will be lower than the socially optimal quantity, as planters do not take into account the full societal benefit of their actions.
The current subsidy of $3 per bush is not sufficient to fully correct the externality and bring the equilibrium quantity to the socially optimal quantity. Therefore, option b is incorrect.
Option c is also incorrect, as the equilibrium quantity is actually lower than the socially optimal quantity, not higher.
Option d is incorrect, as the current subsidy of $3 per bush is not equal to the ideal corrective subsidy, which would be equal to the positive externality of $5 per bush.
Therefore, the correct answer is option a: the equilibrium quantity is less than the socially optimal quantity.
Learn more about “ equilibrium quantity “ visit here;
https://brainly.com/question/31012711
#SPJ4
What competitive advantage does Apple use?
One of Apple's competitive advantages is its strong brand reputation and customer loyalty. Apple has successfully cultivated a brand image that is associated with high-quality, innovative, and user-friendly products.
This has helped the company to create a loyal customer base that is willing to pay a premium price for Apple products. Another advantage is Apple's focus on design and aesthetics. Apple products are known for their sleek and stylish designs, which have become important to the company's brand identity. This design focus has helped Apple differentiate its products from competitors and attract customers who value aesthetics and design.
Apple's ecosystem is also a competitive advantage. Apple has developed an ecosystem of hardware, software, and services that work seamlessly together, creating a cohesive user experience. This ecosystem helps to keep customers within the Apple ecosystem and makes it difficult for them to switch to competing products.
To learn more about Apple, visit here
https://brainly.com/question/29786028
#SPJ4
What term is used to describe the process of eliminating a dimension of a data cube, such as might be done when summarzing product sales by quarter into total annual sales?.
The term that used to describe the process of eliminating a dimension of a data cube, such as might be done when summarizing product sales by quarter into total annual sales is data reduction.
Data reduction can be described as a process of reducing the amount of capacity required to store data. Data reduction can reduce costs and increase storage efficiency. Storage vendors will often describe storage capacity in terms of effective capacity and raw capacity, which refers to data after the reduction. here are at least four types of Non-Parametric data reduction techniques, such as:
HistogramClusteringSamplingData Cube AggregationData CompressionLearn more about data reduction here https://brainly.com/question/28298028
#SPJ4
One way a partnership differs from a sole proprietorship is that it
Answer:
The most obvious difference between partnership and sole proprietorship is the number of owners the business has. "Sole" means one or only, and a sole proprietorship has only one owner: you. Conversely, it takes two or more to form a partnership, so this type of entity has at least two owners.
Answer:has owners with many different skill sets
6. Toxic stress-such as extreme poverty, maternal depression, severe neglect, or exposure to
violence- are childhood experiences that can undermine the developing brain.
(1 Point)
O adverse
O cephalocaudal
O cognitive
O cortisol
O development
o infants
O maturation
O neurons
physical
O plasticity
O preschoolers
O proximodistal
O Social Emotional
O synapses
O toddlers
O window of opportunity
Answer:Adverse
Explanation:Search it up
When would job-order costing be used instead of process costing?
A job order gadget is utilized by very precise kind of businesses for costing be used instead of process costing.
Those corporations do no longer manufacture trendy products and stock them to promote to clients.
as a substitute they take orders. which means that the product is custom constructed as in keeping with the necessities of the clients. This makes job order costing hard considering the fact that in a employer that manufactures preferred products, the production can be recognized in advance and overheads may be allocated amongst merchandise. however in case of job order costing , determining what the overheads might be for the following accounting period is extraordinarily subjective and at risk of errors.corporations that comply with job order costing can't determine the exact quantity of expenses that they may incur. some of their overheads can be general and required to run the commercial enterprise while a few others may be depending on the job being performed. companies that carry out these jobs can not realize the precise costs before the process is truely finished.one of the most important problems in job order costing is the mismatch among when the citation is made and whilst the fees absolutely come to be known. costs want to be quoted earlier than beginning manufacturing. but, the prices are recognized simplest after the activity is completed.job order costing have to be used, while the manufacturing is done on particular orders.
as an example, an plane production organization or a deliver production business enterprise will make the plane or deliver best in opposition to a selected order from the client. For that particular order, the costing is accomplished below job-order costing.
to learn more about Job-order costing,
https://brainly.com/question/26332605
#SPJ4
Aj’s candles has a monthly fix costs of 5,500 and average variable costs of 2.50. Demand for its specialist or candles averages 5,000 units per month. The average unit price is $5. The firm has capacity to produce and sell 7,000 candles per month calculate the average costs for AJs candles per month
The current level of demand is 2,500 candles per month, with fixed expenses of $4,000 and variable costs of $3 per candle. $6 is the average price per candle.
What does "average variable cost" mean?In economics, the average variable cost is the term used to describe the variable cost per unit. One can determine the average variable cost by dividing the total variable cost by the output.The average variable cost is used by the businesses to determine whether to stop short-term manufacturing.The combination of variable costs and total output produced is known as the average variable cost (AVC). Average total cost is calculated by dividing the entire cost by the total amount of things produced (ATC).The additional cost incurred when producing one additional unit of output is known as the marginal cost (MC).A. Rent, machine are used as fixed cost of production.
B. Current level of demand / (Fixed costs + Variable costs) equals the current average cost.
Average cost at this time = [$4,000 + (2,500 x $3)] / 2,500
Cost per unit at this time = [$4,000 + $7,500] / 2,500
Average price today is $4.6.
C. Fixed costs plus variable costs equal the total cost of production.
Production costs as a whole equal [$4,000 + (2,500 x $3)]
$11,500 is the total cost of production.
D. Profit = (3,000 x $6) - [$4,000 + (3,000 x $3)]
Profit = $18,000 - [$4,000 + $9,000]
Profit = $5,000
The complete question is:
Johnson's Candles has fixed costs of $4000 each month. Its average variable costs
are $3 per candle. The firm's current level of demand is 2500 candles per month.
The average price of its candles is $6.
a) Using an example, explain what is meant by a fixed cost of production.
b) Calculate the firm's current average costs.
c) Calculate the firm's current total costs of production each month.
d) Calculate the profit if demand increases to 3000 candles per month.
To learn more about average variable costs, refer to:
https://brainly.com/question/28013522
#SPJ1
This communication channel is typically used to provide an audience with information about a product or service, usually for informational or persuasive purposes. It is a one-way communication in a visual medium.
Answer:
Online advertisement
Explanation:
In the ever-increasing technological world, online advertising is an extremely elaborate solution for the sale of any item or service or for the information about that item or service.
The use of online advertisements is usually an elaborate way of providing detailed information about goods and services in which information about goods and services is provided to individuals viewing through movable images, communication in the online advertising technological world.
This is a large medium of information as well as it is also a proper means of giving unilateral information.
PLEASE HELLPP!!!!’Hurrryyyy
Answer:
I thinkMARKETING MANAGEMENT
HOPE IT HELPEDwhich of these would be considered a bank liability? i. $5,000 in cash reserves held in the bank's vault ii. $15,000 loan made to a customer to finance a new car iii. $20,000 deposit made by a customer into her savings account group of answer choices i only iii only ii only ii and iii
The option that will be considered a bank liability is $20,000 deposit made by a customer into her savings account.
Therefore, option B (iii only) is the correct answer.
What is Bank Liability?A debt or financial responsibility of the bank is referred to as a "bank liability," such as interest due to other banks and other debts payable. You can categorize assets and liabilities as current or noncurrent. It is anticipated that present assets will add value in the near future.
Therefore, whenever a customer deposits money in a bank, the bank becomes accountable to that consumer since bank liabilities are the debts that a bank incurs and what a bank owes.
Learn more about bank liability here: https://brainly.com/question/12939902
#SPJ1
"
the purpose of SHRM is also to develop and maintain an
organisational culture that is progressive and conducive to
business needs"
Elaborate on the relationship between SHRM and culture. 25
marks
Strategic Human Resource Management (SHRM) plays a vital role in shaping and maintaining the organizational culture of a company. The relationship between SHRM and culture is reciprocal and interconnected, as they both influence and impact each other in various ways.
1. Culture as a Driver of SHRM:
Culture shapes the values, beliefs, norms, and behaviors within an organization. These cultural elements directly impact the strategic decisions made by HR professionals.Organizational culture sets the tone for HR policies, practices, and programs. It influences the design of recruitment processes, performance management systems, training and development initiatives, and employee engagement strategies.HR professionals need to align their strategic decisions with the existing culture to ensure coherence and consistency within the organization.2. SHRM as a Shaper of Culture:
SHRM actively contributes to developing and maintaining the desired organizational culture. It establishes HR policies and practices that promote the desired cultural values.HR professionals design and implement initiatives to reinforce the desired culture, such as employee recognition programs, leadership development programs, and diversity and inclusion initiatives.Through effective talent management, SHRM ensures that individuals who align with the desired culture are recruited, developed, and retained within the organization.3. Impact on Business Needs:
SHRM and culture work together to create an organizational environment that is progressive and conducive to business needs.A strong culture aligned with strategic goals and values can enhance employee engagement, productivity, and satisfaction, leading to improved business performance.SHRM practices that reinforce the desired culture help attract and retain talent that fits well within the organization, contributing to the achievement of business objectives.Learn more about SHRM here:
https://brainly.com/question/32738719
#SPJ4
An unsecured loan...
typically has lower interest rates than a secured loan
is less difficult to qualify for than a secured loan
is connected to collateral, which can be taken by the lender if the loan is not paid
is not connected to collateral and, therefore, a higher risk for lenders
Answer:
is not connected to collateral and, therefore, a higher risk for lenders
Explanation:
Unsecured loans are the loans issued without any securities attached to them. The lender relies on the borrower's creditworthiness as the basis for granting the loan. Unsecured loans are mostly available to salaried workers whose pay is processed by the lending institutions.
Unsecured loans pose a higher risk to the lender because they are not backed by any collateral. For this reason, they attract a higher interest rate than secured loans.
Answer:
D
Explanation:
took the test