Your Credit Rating Is Based On

question 53

Multiple Choice

Your credit rating is based on:

• A) The value of your home equity.
• B) Your employment income only.
• C) Your prior history in borrowing and repaying money.
• D) Your overall debt load, compared to your ability to generate income.

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Definitions:

Formal Application

A structured and officially recognized process of submitting personal and professional information for job applications, grants, or memberships.

Reliable Selection Device

Tools or methods used in hiring processes that accurately and consistently predict a candidate's job performance.

Yields Same Results

A phrase indicating that different methods or approaches produce identical or equivalent outcomes.

Traditional Recruitment

Traditional recruitment refers to the conventional methods of sourcing candidates, such as job advertisements, campus recruitment, and employment agencies, focused on filling vacancies in an organization.