FICO Scores Are Based on Information Gathered from the Three

question 7

Multiple Choice

FICO scores are based on information gathered from the three major credit reporting agencies.Which of the following is NOT one of those agencies?

• A) Equifax
• B) Experian
• C) TransUnion
• D) FDIC

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Definitions:

Machine-Hours

A measure of production activity that quantifies the total hours machines are operated in the manufacturing process.

Direct Labor Cost

The wages or salaries directly attributable to the production of goods or services, excluding indirect costs such as supervision and maintenance.

Overhead Applied

Refers to the allocation of indirect costs to specific cost objects, such as products or services, based on a predetermined rate or basis.

Direct Labor-Hours

The total hours of labor directly involved in the manufacturing process, used as a basis for allocating manufacturing overhead to products.