9. Return to the guarantees or promises in Question 4. Consider everything you've learned
about this business, and explain how this business keeps borrowers in a cycle of debt.

Question

04-02-2022
Business

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9. Return to the guarantees or promises in Question 4. Consider everything you've learned
about this business, and explain how this business keeps borrowers in a cycle of debt.

Sagot :

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Tundexiidn Tundexiidn · Answer 1 · 2022-02-17T07:30:21-05:00

The business-owners need both creditors and debtors to function effectively

What are Guarantees & Promises?

A guarantees refers to a promise that something will be done or not be done if something happen while Promises does not need something to happen to be done

Usually, the business-owners keeps its borrowers in a cycle of debt because they act as a good cash-flow which is a features of good business and it is necessary because of the benefit from interest accruals

In conclusion, the business-owners need both creditors and debtors to function effectively.

Sagot :

What are Guarantees & Promises?

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