Which of the Following Is Not Required Under the Fair

question 32

Multiple Choice

Which of the following is not required under The Fair Credit Reporting Act?

• A) Obtaining written consent from the person being checked
• B) Furnishing the applicant with a copy of the report
• C) Disclosure that a credit check is being performed
• D) Proof that credit history is relevant to the job duties

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Definitions:

Gross Revenues

The total amount of sales revenue generated by a company before any deductions are made for returns, allowances, and discounts.

Payback Method

A capital budgeting method that calculates the time needed to recoup the initial investment in a project, based on the project's expected cash flows.

Discounted Cash Flow

A financial analysis method that estimates the value of an investment based on its future cash flows, adjusted for time and risk.

Cash Inflows

Money received by a business from its operations, investments, or financing activities.