Rationale and Inhibitors for Statistical Process Control (SPC) You are the manager of corporate accounts in a multinational bank and are being considered for a significant promotion as a senior manager who will be responsible for managing SPC in the loans sanction and recovery department, which is responsible for setting interest rates, accepting or rejecting loan applications, handling defaulting accounts, keeping tabs of the ratio of applications received and loans sanctioned, and increasing revenue. You are required to answer the following questions in an interview: 1.What are the arguments you would make in support of SPC? 2.How do you think the adoption of SPC would assure accuracy in establishing interest rates, approving or declining loan applications, dealing with non-performing accounts, ratios, and loan sanctions? Which major inhibitors of SPC do you foresee in the company, and how do you plan to address them? Respond, considering that your answers will decide your promotion.