Under the Fair Credit Billing Act, a Consumer Must Notify

question 185

Multiple Choice

Under the Fair Credit Billing Act, a consumer must notify the creditor within ____ of the billing of a disputed charge.

• A) 1 week
• B) 30 days
• C) 60 days
• D) 90 days
• E) 6 months

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Definitions:

Financial Statement Forecasting

The process of projecting future financial outcomes by analyzing historical data and current trends.

Sales Forecast

An estimate of the quantity of goods or services a company believes it will sell in a specific period.

Budgeting Process

The budgeting process is a systematic approach to creating a financial plan for a defined period, detailing an organization's projected revenues, expenses, and cash flows.

Direct Labour

The workforce directly involved in the manufacturing process, whose wages are considered variable costs.