Question
Read the following scenario and answer the questions that follow.
Scenario:
John is a small business owner who wants to expand his operations by purchasing new equipment for his manufacturing company. He approached a bank to apply for a loan to finance the equipment purchase.
4.1 The loan officer at the bank evaluated John's creditworthiness based on the 7 C's but experienced technical difficulties and mixed the findings of four of the 7 C's. Assist the loan officer by reading the following findings and indicate which C is displayed.
4.1.1 John has been in business for over a decade and has built a good reputation in the industry.
Scenario:
John is a small business owner who wants to expand his operations by purchasing new equipment for his manufacturing company. He approached a bank to apply for a loan to finance the equipment purchase.
4.1 The loan officer at the bank evaluated John's creditworthiness based on the 7 C's but experienced technical difficulties and mixed the findings of four of the 7 C's. Assist the loan officer by reading the following findings and indicate which C is displayed.
4.1.1 John has been in business for over a decade and has built a good reputation in the industry.
Answers
GPT-4o mini
The finding that "John has been in business for over a decade and has built a good reputation in the industry" displays the C of **Character**. Character refers to the borrower's reputation and reliability, which includes their experience and history in business.