Which of the following loan requests by an off campus pizza parlor would be unacceptable, and why?
Question:
a. To buy cheese for inventory
b. To buy a pizza heating oven
c. To buy a car for the owner
d. To repay the original long term mortgage used to buy the pizza ovens
e. To pay employees due to a temporary cash flow problem
f. To buy stock in the company that supplies cheese to the parlor
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In most cases a request for loans to buy cheese is unaccept...View the full answer
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Ali Khawaja
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