Which of the Following Are True Regarding Credit Scoring Systems

question 91

Multiple Choice

Which of the following are true regarding credit scoring systems?

• A) Lower scores are better than higher scores.
• B) Scoring systems are based on statistical studies.
• C) Credit unions calculate and sell credit scores to lenders.
• D) Females receive higher score than males.
• E) All of the above.

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Definitions:

Price Increase

A situation where the selling price of goods or services is raised by a company.

Unit Sales

The volume of product sold, representing a key measure of a company's performance and sales activity.

Variable Expense

Expenses that change in proportion to the amount of goods produced or the volume of sales, like materials or commissions on sales.

Selling Price

The amount of money for which a product or service is sold to customers, setting the revenue baseline for a business.