A Credit Card Provider Uses a Software to Determine the Likelihood

question 104

Multiple Choice

A credit card provider uses a software to determine the likelihood of customers defaulting on their payments.The software assigns a credit score to each customer based on their past transactional records.This software is an example of a ________ system.

• A) project management
• B) business intelligence
• C) collaboration
• D) budgeting

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Definitions:

Abstract of Title

a summary or condensed version of the legal history of an asset, particularly real estate, detailing transfers, encumbrances, and any litigation concerning the property.

Public Records

Documents or pieces of information that are not considered confidential and are stored by public agencies, accessible by the general public.

Title Insurance

A form of insurance that protects against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.

Recorded Deed

A deed that has been officially entered into the public records, ensuring its validity and informing interested parties of the transfer of property rights.