On the Fair, Isaac and Company (FICO) Scale, Donald Falls

question 73

Multiple Choice

On the Fair, Isaac and Company (FICO) scale, Donald falls in the poor to below average category of creditworthiness. Based on the FICO scale, Donald is most likely to have a credit score between:

• A) 400 and 499.
• B) 500 and 599.
• C) 600 and 699.
• D) 700 and 799.

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Definitions:

Fairness

A person’s opinion as to whether a price, wage, or allocation is considered morally or ethically acceptable.

Maximize Profits

The process or strategy of adjusting production, pricing, and other operational variables to achieve the highest possible financial gain.

Time Inconsistency

The tendency of people to change their plans about future actions because of a change in their immediate preferences or circumstances.

Automatic Payroll Deductions

A system where amounts are automatically subtracted from an employee's paycheck by the employer for taxes, benefits, and other financial obligations.