Who Decides to Grant or Deny Your Credit Application

question 4

Multiple Choice

Who decides to grant or deny your credit application?

• A) Lender.
• B) Credit bureau.
• C) Credit reporting agency.
• D) Federal Trade Commission.

---

Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including both materials and labor costs.

Merchandise Inventory

The total value of a retailer's goods that are available for sale.

Cash Receipts

The money received by a business during a specified period, including revenue from sales, loan proceeds, and investment income.

Cash Disbursements

Outflows of cash for expenses, assets, or other types of payments.