A firm with ______ profit margin is best situated to extend credit to customers with a high probability of default.
A) a high
B) an average
C) a low
D) a zero

Name: A firm with ______ profit margin is best situated to extend credit to customers with a high probability of default. A) a high B) an average C) a low D) a zero
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Question

Quizplus · Accepted Answer

A firm with a high profit margin can better absorb potential losses from defaults, making it more capable of extending credit to riskier customers.

A Firm with ______ Profit Margin Is Best Situated to Extend