Information for decisions .docx

Information for decisions .docx - Exercise1.1 bank.Oneday,

This preview shows 1 out of 2 pages.

  Exercise 1.1    Information for decisions  Ian Boardman has been appointed as the loans officer for the local community  bank. One day, a person walks into the bank looking for a loan to buy a new car. List six items about that individual that Ian should find out before deciding  whether to approve the loan. Classify these items as ‘economic’ or other  (specify). Which type of information is more important for the purposes of good decision making?  Ian Boardman, as the loans officer, should obtain personal and financial information about the loan applicant to ascertain whether or not the person will be able to repay a bank loan. In deciding to approve the 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. * loan, the following would be required: Name of applicantAddress of applicantPrevious addressEmployment details Marriage statusYears at current or previous address Years in current or previous employment Salary and wage details *
Image of page 1

Subscribe to view the full document.

Image of page 2
You've reached the end of this preview.
  • Three '18
  • Debt, Ian Boardman, decisions  Ian Boardman

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern