1 3.2.2 Quiz: Managing Your Debt Question 7 of 10 What is one request a borrower can make of a lender if they know they will never be able to pay their full debt? A. The borrower can ask for fees and penalties to be eliminated.

O B. The borrower can ask for a reduction of the interest rate.

C. The borrower can ask to be absolved of some of the debt.

O D. The borrower can ask for the monthly payment to be reduced.

In order to minimize project risk which step comes after the step of identifying risks

If you miss two payments on a credit card what is generally the penalty

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk