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:

Mechanical Societies

Sociological concept referring to traditional, pre-industrial societies where social cohesion and integration come from a homogeneity of individuals, as opposed to the interdependence of differentiated roles.

Organic Societies

Societies characterized by complex interdependence of parts, akin to organisms, where differentiation of functions exists for the overall wellbeing.

Social Facts

Aspects of social life that exist outside of individuals, such as laws, norms, and values, that influence their behavior.

Social Conventions

Agreed-upon norms and practices that govern behavior within societies or groups.