Which of the Following Statements Is True

question 85

Multiple Choice

Which of the following statements is true?

• A)Categorization can provide misleading information about people with a lot of effort.
• B)It is difficult to categorize people into groups.
• C)Categorization provides a cognitive foundation for prejudice.
• D)Categorization is very time-consuming.

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Definitions:

5 C's of Credit

Refers to the five key elements a lender considers when assessing the creditworthiness of a potential borrower: character, capacity, capital, collateral, and conditions.

Conditions

Specific terms or requirements outlined in an agreement or contract, which must be met for the agreement to be fully enforceable.

Economic Conditions

The state of the economy at a certain time, including factors like inflation, employment rates, and GDP growth.

Accounts Receivable Period

The mean duration that a company takes to collect payments from its customers for products or services provided on credit.