This week, your assignment is to itemize 10 penalties or consequences for failing to repay a loan
or pay for any resource extended the small business owner. What happens to people who default
on their financial commitments and/or declare bankruptcy? Examples of consequences and
penalties can range from personal monetary setbacks to adverse institutional outcomes. Knowing
why a person may be denied credit is one thing; knowing the penalties for failure is another, and
it's usually financially perilous.
Sample Solution