Guidelines for Use of an Individual's Credit Information Are Established

question 4

Multiple Choice

Guidelines for use of an individual's credit information are established by the

• A)Equal Credit Opportunity Act of 1975.
• B)Fair Credit Reporting Act of 1971.
• C)Truth in Lending Act of 1969.
• D)Fair Debt Collection Practices Act of 1978.

Recognize the social welfare implications of taxes, including Social Security taxes.

Analyze tax reforms and their impact on different income groups within the U.S.

Grasp the purpose and economic implications of federal government expenditures.

Understand the distinctions between progressive, regressive, and proportional taxes.

---

Definitions:

Profitability

A measure of the ability of a company or business unit to generate earnings relative to its revenue, assets, equity, or other financial metrics over a certain period of time.

Price-earnings Ratio

A financial metric that measures a company's market share price relative to its earnings per share, indicating investor sentiment about future earnings.

Times

A financial metric used to compare two quantities or to indicate frequency. In business, it often refers to multiples or ratios used in financial analysis.

Total Assets

The sum of all assets owned by an entity, representing the total resources at its disposal.