The Main Difference Between Sales Finance and Consumer Finance Is

question 74

Multiple Choice

The main difference between sales finance and consumer finance is:

• A) the type of borrower.
• B) the size of the purchase involved.
• C) the length of time until the loan has to be repaid.
• D) one deals with equipment leasing and the other does not.

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Definitions:

Statistics

The science of collecting, analyzing, interpreting, presenting, and organizing data.

Numbers

Quantitative data or values used to measure, evaluate, or compare aspects of a business or its operations.

Predictive Validation

Research that uses the test scores of all applicants and looks for a relationship between the scores and the future performance of the applicants who were hired.

Concurrent Validation

Research that consists of administering a test to people who currently hold a job, then comparing their scores to existing measures of job performance.