In the figure below, list the eight steps in the decision-making ...

[aabwk4]

In the figure below, list the eight steps in the decision-making process in the correct order
 
  What will be an ideal response?

Question 2

What are four ways a borrower can minimize risk?
 
  What will be an ideal response?

[livaneabi]

Answer to Question 1

The eight steps are, in order: (1) Establish goals, (2) gather facts, (3) analyze resources, (4) establish
routes, (5) make an informed decision, (6) put plan into action, (7) assume responsibility, and (
evaluate results.

Answer to Question 2

The borrower can minimize risk by applying certain rules, including the following:
 Use production loans to increase income.
 Limit amount borrowed on new or unfamiliar enterprises.
 Keep debt as low as possible while maintaining efficiency.
 Keep abreast of markets and trends.
 Maintain a debt-to-net worth ratio of 1:1 or less.
 Maintain proper debtincome relationship.
 Select lender on dependability and terms.
 Have a definite repayment schedule.
 Reduce risk by carrying adequate insurance.

[aabwk4]

TYSM

[kjohnson]

Thanks for the timely response, appreciate it