_______________ Is the Process of Quantifying the Likelihood of Default

question 136

Multiple Choice

_______________ is the process of quantifying the likelihood of default when granting consumer credit based on objective characteristics of the buyer.

• A) Credit scoring.
• B) Credit rationalization.
• C) Receipts assessment.
• D) Payables risk analysis.
• E) Disbursement specialization.

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Definitions:

Recycling

The process of converting waste materials into new products to prevent waste of potentially useful materials, reduce consumption of fresh raw materials, and lower energy usage and pollution.

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Marginal External Damages

Additional harm or cost imposed on society or a third party that is not accounted for by the producer or consumer of a good or service.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both the cost to the producer and the cost to society of any environmental or other externalities.