If a Borrower Has a High FICO Score, Then There

question 84

Multiple Choice

If a borrower has a high FICO score, then there is:

• A)a minimal chance of his or her loan getting approved.
• B)no chance of his or her loan getting approved.
• C)a high chance of his or her loan getting approved.
• D)a high chance of more collateral requirements for his or her loan.
• E)a high chance that a higher interest rate will be charged.

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Definitions:

Patented Technology

Innovations or inventions that are legally protected by patents, preventing unauthorized use, replication, or sale.

Timely New Products

The strategic introduction of new products to the market at the most opportune moment to meet consumer demand and stay competitively relevant.

Environmental Uncertainty

Refers to the degree of unpredictability and complexity in an organization’s external environment, affecting its decision-making processes.

Complexity

The state of being intricate or complicated.