Credit Scoring Systems Can Be Used To

question 57

Multiple Choice

Credit scoring systems can be used to:

• A)Reduce the effective cost of trade
• B)Determine the cost of goods sold
• C)Evaluate Dun & Bradstreet reports
• D)Evaluate credit risk based on the borrower's characteristics

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Definitions:

Emotions

Complex psychological states that involve an individual's subjective experience, physiological response, and outward expression, influencing thought and behavior.

Demanding Customer

A customer who has high expectations and requirements, often needing more attention, support, and services than the average customer.

Empathize

The capacity to understand or feel what another person is experiencing from within their frame of reference, essentially placing oneself in another's shoes.

Deep Acting

Efforts to change your actual emotions to better match the required emotions of the situation.