The Act Passed to Require That Consumer Reporting Agencies Adopt

question 673

Multiple Choice

The Act passed to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit is commonly known as:

• A) The Uniform Credit Act
• B) The Fair Credit Reporting Act
• C) The Consumer Relief Act
• D) The Consumer Reporting Act
• E) The Commercial Credit Act

Grasp the basics of artificial intelligence, including learning methods and main areas of research.

Identify common cybersecurity threats and protection methods.

Describe the functionalities and applications of robots and digital assistants.

Understand the concepts and implications of augmented reality.

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Definitions:

Sales

The transactions involved in selling goods or services in the normal course of business, generating revenue for the company.

DOL

Degree of Operating Leverage; a measure of a company's fixed costs as a percentage of its total costs, indicating how earnings before interest and taxes (EBIT) change in response to a change in sales volume.

Contribution Margin

The amount of revenue remaining after deducting variable costs, used to cover fixed costs and generate profit.

Variable Cost

Expenses that vary depending on the amount of products or services a company generates.