Because of Changing Economic Conditions, It Is Difficult for Companies

question 30

True/False

Because of changing economic conditions, it is difficult for companies such as Dun & Bradstreet to devise models predicting payment problems and the probability of bankruptcy 12 months in the future.

---

Definitions:

Scarce Resources

Resources that are limited in supply and available in less quantity than the demand in an economy, necessitating allocation choices.

Quantities Demanded

The total amount of a good or service that consumers are willing to buy at a given price over a specified period.

$5.00

A monetary value equivalent to five dollars.

Equilibrium Price

The price in the market where the amount of goods being offered matches the amount of goods people want to buy.