Consumer Finance Corporation (CFC)extends Credit to Consumers

question 10

Multiple Choice

Consumer Finance Corporation (CFC) extends credit to consumers. CFC applies several criteria to decide customers' "suitability" for credit. Under the Equal Credit Opportunity Act, CFC cannot base its decision on a customer's

• A)intelligence.
• B)education.
• C)culture.
• D)race.

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Definitions:

Food Production

The processes involved in generating food products for consumption, including agriculture, livestock breeding, and aquaculture.

Efficiency

The ability to accomplish a job with a minimum expenditure of time and effort, or the ratio of the output to the input of any system.

Sustainable

The practice of using natural resources in a way that maintains ecological balance and ensures availability for future generations.

Full-cost Pricing

The practice of setting prices based not only on production costs but also on accounting for environmental and social costs associated with the product or service.