Information About a Credit Applicant

question 34

Multiple Choice

Information about a credit applicant:

• A)is rarely available.
• B)can be obtained directly from the applicant.
• C)is frequently exchanged among firms selling to the same customer through credit bureaus.
• D)cannot be obtained from commercial banks.
• E)b and c

---

Definitions:

Social Norms

Informal rules that govern behavior in groups and societies, shaping individuals' actions and interactions.

Peer Influences

The impact that peers or individuals of similar age or status have on each other, affecting behaviors, attitudes, and values.

Reflective Judgment

In Kitchener’s theory of the development of problem solving, the analysis of the elements of a problem and justification of problem solutions.

Environmental Pressures

Forces from the surrounding environment that influence the behavior, decisions, or wellbeing of an individual or organization.