The Process of Mathematically Evaluating Your Creditworthiness to Obtain Credit

question 64

Multiple Choice

The process of mathematically evaluating your creditworthiness to obtain credit is called

• A)credit scoring.
• B)credit evaluation.
• C)credit references.
• D)credit history.
• E)credit statistics.

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Definitions:

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Need for Achievement

A psychological drive that motivates individuals to accomplish goals and excel in their endeavors.

Accomplishment

Something that has been achieved successfully.

Self-Interest

Acting in a way that is beneficial to oneself, often without regard for others.