When Creating Credit Scores, Credit Bureaus Rely on a Model

question 94

True/False

When creating credit scores, credit bureaus rely on a model created by the Fair Isaac Corporation.

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Definitions:

Management Structure

The organizational framework that outlines the hierarchy of authority and responsibility within a company.

Organic

Often used to describe farming practices that avoid the use of synthetic fertilizers and pesticides, or organizations and systems that are flexible and adapt to changes naturally.

Mechanistic

Characterizes an organizational structure that is highly bureaucratic, with strict rules, procedures, and a clear hierarchy, focusing on efficiency and predictability.

Flexible

Capable of adapting to changes and new conditions in a thoughtful and efficient manner.