Thomson is a manager at a bank.He has to decide whether to lend an amount of $10,000 to Safe Toy.He should:
A)approve the loan application without checking the company's credibility.
B)review the company's financial statements.
C)prepare an organizational budget.
D)report the organization's financial performance to outsiders.
E)turn down the loan application.

Question

Quizplus · Accepted Answer

Thomson should review the company's financial statements to assess its financial health and ability to repay the loan, which is a standard practice in the banking industry before approving a loan.

Thomson Is a Manager at a Bank