Which of the Following Question(s)on a Credit Application Would Be

question 15

Multiple Choice

Which of the following question(s) on a credit application would be a violation of the Equal Credit Opportunity Act?

• A)"Do you plan on getting pregnant within the next two years?"
• B)"Have you ever declared bankruptcy?"
• C)"Have you ever been convicted of a crime?"
• D)All of the above are violations.

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Definitions:

Flexible Manufacturing

The direction of machinery by computers to adapt to different versions of similar operations.

Labor-Intensive

Describes industries or businesses that require a large amount of labor to produce goods or provide services, often resulting in higher labor costs.

Capital-Intensive

Refers to businesses or industries that require significant amounts of capital investment in machinery, equipment, or large-scale infrastructure to produce goods or services.