Answer the following statements true (T) or false (F)
1. Microfinance is the process in which small loans are given to entrepreneurial individuals in
developing countries in order to develop income which will benefit the individual as well as the
local village through poverty reduction.
2. One of the unique aspects of microfinance loans is that only a small amount of collateral is
needed and the loans are usually repaid between two to five years.
3. The payback rate for microfinance loans is between 60 and 65%.
4. The underlying foundation to the concept of Fair Trade is that a free market based trade
system does not always produce sustainable livelihood for the farmers and other members of the
global food chain.
5. Human rights such as civil rights, property rights, and labor rights do not have a direct impact
on the strategic focus of a firm.
1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. FALSE
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Which of the following is NOT a step in the strategic planning process?
A) establish the business mission B) define the business objectives C) develop the business portfolio D) identify the business vision E) evaluate all members of the supply chain
A random sample of 121 checking accounts at a bank showed an average daily balance of $280. The standard deviation of the population is known to be $66. a.Is it necessary to know anything about the shape of the distribution of the account balances in order to make an interval estimate of the mean of all the account balances? Explain.b.Find the standard error of the mean.c.Give a point estimate of the population mean.d.Construct an 80% confidence interval for the population mean.e.Construct a 95% confidence interval for the population mean.
What will be an ideal response?
The only sensible argument for using credit is that you lack sufficient resources to purchase with cash
Indicate whether the statement is true or false.
Commonground Collections has been hired to collect past-due medical bills for Lakeview Physicians. List some activities that Commonground may not do pursuant to the FDCPA