When a bank lends in a narrow geographic area, they are subject to:
a. country risk.
b. concentrated risk.
c. historical risk.
d. charge-off risk.
e. portfolio risk.
b
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Which of the following groups of customers are most likely to have high desire to repurchase, strong product preference, long customer history, and a very high referral value?
A) Loyal customers B) Captive customers C) Unprofitable customers D) Repeat customers E) Customer terrorists
Which of the following best describes off invoice allowance?
A) offering channel members a long period of time before payment is due B) offering channel members below-market interest rates C) offering channel members a discount on orders for a fixed period of time D) offering money to help the channel members sell its products
Which of the following is held in common among the Christian, Muslim, and Jewish religions according to the 1994 interfaith declaration?
a. respecting shareholder needs b. upholding justice c. the importance of business as a driver of nations d. celebrating individual achievement
Answer the following statements true (T) or false (F)
Under the revenue-expense approach, the income statement is regarded as simply a way of classifying and reporting on changes that occur in a firm’s net assets.