Which of the Below Statements Is FALSE

question 36

Multiple Choice

Which of the below statements is FALSE?

• A) In assessing the credit quality of a mortgage applicant, lenders look at various measures with the starting point being the applicant's credit score.
• B) Basically, a credit score is a qualitative grade of the credit history of the borrower.
• C) Several firms collect data on the payment histories of individuals from lending institutions and, using statistical models, evaluate and quantify individual creditworthiness in terms of a credit score.
• D) Although the credit scores have different underlying methodologies, the scores generically are referred to as FICO scores where a higher FICO score indicates lower the credit risk.

---

Definitions:

Strategic Performance Measurement System

A framework that organizations use to measure, monitor, and manage performance against strategic goals, integrating financial and non-financial measures.

Performance Metrics

Quantitative measures used to assess, compare, and track performance or production across different areas of a business or operation.

Customer Perspective

An approach that focuses on understanding and fulfilling the needs, expectations, and satisfaction of the customers.

Number Of Returns

The count of items or goods returned to a company by consumers, typically indicating satisfaction levels or issues with the product.