Which of the Following Prevents Creditors from Discriminating Against Applicants

question 44

Multiple Choice

Which of the following prevents creditors from discriminating against applicants on the basis of age, sex, race, religion, marital status, or income?

• A) Fair Debt Collection Practices Act
• B) Truth in Lending Act
• C) Equal Credit Opportunity Act
• D) Fair Credit Reporting Act
• E) Telephone Consumer Protection Act

Identify the predetermined overhead rate based on machine-hours or direct labor-hours.

Apply overhead to jobs using a plantwide predetermined manufacturing overhead rate.

Determine the selling price for units by marking up unit product costs.

Understand how to calculate the amount of overhead applied to specific jobs.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that no one can be prevented from using them and one person's use does not reduce availability for others.

Commons Dilemma

A situation in which individuals' short-term self-interest conflicts with long-term group interest and well-being, typically regarding the overconsumption of a shared resource.

Scarce Resources

Goods or services that are limited in availability relative to the desires or needs of individuals or systems.

Competition

A situation where two or more parties strive for a goal that cannot be shared, such as a higher rank or prize.