If Your Identity Is Stolen, What Is the First Thing

question 15

Multiple Choice

If your identity is stolen, what is the first thing you should do?

• A)Change all of your credit cards.
• B)Get a lawyer.
• C)Open a file with all of your paperwork.
• D)File a detailed police report.
• E)Notify the three major credit-reporting agencies.

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Definitions:

Net Income

The total earnings of a company, subtracting total expenses from total revenue.

Break-Even Point

The stage where sales numbers or output equalize with total expenditures, creating a situation where there's no financial loss or gain.

Fixed Expenses

Costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.

Selling Price

The amount of money charged for a product or service offered to customers.