ON TEN A bank is an entity that conducts profit-oriented business. Which of the following is the reason why it is difficult for a bank to play its role as social finance? A ) Small and medium-sized enterprises (SMEs) do not have clear business strategies. B ) Small and medium-sized enterprises (SMEs) lack business knowledge, which increases the risk of default loans C ) Financial portfolio by commercial banks is too complicated for small and medium-sized enterprises (SMEs). D ) Without a proper financial recor
ON TEN A bank is an entity that conducts profit-oriented business. Which of the following is the reason why it is difficult for a bank to play its role as social finance? A ) Small and medium-sized enterprises (SMEs) do not have clear business strategies. B ) Small and medium-sized enterprises (SMEs) lack business knowledge, which increases the risk of default loans C ) Financial portfolio by commercial banks is too complicated for small and medium-sized enterprises (SMEs). D ) Without a proper financial recor
Chapter13: Other Financing Alternatives
Section: Chapter Questions
Problem 6DQ
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QUESTION TEN
A bank is an entity that conducts profit-oriented business. Which of the following is the reason why it is difficult for a bank to play its role as social finance?
A ) Small and medium-sized enterprises (SMEs) do not have clear business strategies.
B ) Small and medium-sized enterprises (SMEs) lack business knowledge, which increases the risk of default loans
C ) Financial portfolio by commercial banks is too complicated for small and medium-sized enterprises (SMEs).
D ) Without a proper financial record, the bank is unable to track the small entrepreneur’s record of paying debts
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