Which of the Following Is the Best Definition of a Credit

question 283

Multiple Choice

Which of the following is the best definition of a credit cost curve.

• A) The process of quantifying the probability of default when granting consumer credit.
• B) The length of time that credit is granted.
• C) The evidence of indebtedness.
• D) Graphical representation of the sum of the carrying costs and the opportunity costs of a credit policy.
• E) The process of determining the probability that customers will or will not pay.

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Definitions:

Triarchic Intelligence

A model proposed by psychologist Robert Sternberg that divides intelligence into three components: analytical, creative, and practical intelligence.

Linguistic Intelligence

Linguistic intelligence is one of Howard Gardner's multiple intelligences, referring to the ability to think in words and use language to express and appreciate complex meanings.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which posits that people have various kinds of intelligences, not just a single, general ability.

Skillful Production

Refers to the capacity to create or manufacture things with a high level of expertise and quality.