AA106. The following appeared as part of a memorandum from the loan department of the Frostbite National Bank.“We should not approve the business loan application of the local group that wants to open a franchise outlet for the Kool Kone chain of ice cream parlors. Frostbite is known
for its cold winters, and cold weather can mean slow ice cream sales. For example, even though Frostbite is a town of 10,000 people, it has only one ice cream spot — the Frigid Cow. Despite the lack of competition, the Frigid Cow’s net revenues fell by 10 percent last winter.”
AI: o.37 “Since science and technology are becoming more and more essential to
modern society, schools should devote more time to teaching science and technology and less to teaching the arts and humanities.”