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In General, There Is a Direct Relationship Between the Quality

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In general, there is a direct relationship between the quality of the information provided to managers and the quality of decisions made using that information.


Definitions:

Creditor

An individual or organization to whom money is owed by a debtor.

Co-Sign

To sign a legal document alongside another person, often agreeing to take responsibility if the primary signer fails to meet the terms.

Credit Application

A form or request submitted by an individual or business seeking to obtain credit from a lending institution.

Defaults

Failure to fulfill an obligation, especially failure to meet a financial obligation or to appear in a court of law.

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