This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the figure below, list the eight steps in the decision-making process in the correct order ... (Read 56 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jul 21, 2018
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 21, 2018
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 (8)
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

  • Member
  • Posts: 593
Reply 2 on: Jul 21, 2018
Wow, this really help

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

(A) The nine regions of the abdominopelvic cavity. (B) The four regions of the abdomen, which are re (A) The nine regions of the abdominopelvic cavity. (B) The four regions of the abdomen, which are re
Cross functional Process Flow Diagram Cross functional Process Flow Diagram
ICD-10-CM Tabular List ICD-10-CM Tabular List
If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ... If the valve clearance (lash) is not correct, loosen the retaining nut and turn the valve adjusting ...
Joint movement of the fingers. Apply scissoring at the knuckles and figure-8s to the fingers to ... Joint movement of the fingers. Apply scissoring at the knuckles and figure-8s to the fingers to ...
Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and Punnett square of the dihybrid cross shown in Figure 3.8. There are two combinations of dominant and
Video: The life cycle of protein

For a complete list of videos, visit our video library