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(8) How should an analyst view changes in the external competitive environment when preparing projections for a borrower? O They are more important than an
(8) How should an analyst view changes in the external competitive environment when preparing projections for a borrower? O They are more important than an understanding of past operating performance. They cannot be controlled and therefore should not be considered a part of the projection process. They can render management's goals and objectives for the future meaningless. O They are less important than an understanding of past operating performance. Bookmark for review Submit
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