Under the Fair Credit Reporting Act,the Law Requires

question 127

Multiple Choice

Under the Fair Credit Reporting Act,the law requires

• A)accurate, relevant, and recent information.
• B)investigation of disputed information.
• C)access to the information in your credit file.
• D)All of these.

Understand the principles of effective report organization and the significance of headings.

Identify and describe various report types, including feasibility, justification, and incident reports.

Master the components and structure of business plans and proposals.

Apply critical analysis through PAIBOC in revising reports and proposals for clarity and impact.

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Definitions:

Return on Assets

A financial ratio that indicates the profitability of a company in relation to its total assets.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Net Income

Refers to the total earnings or profit of a company after subtracting all expenses from its total revenue.

Total Debts

The sum of all financial obligations a company owes to outside parties, including both short-term and long-term liabilities.