Which of the Following Is True About Credit Scoring Systems

question 111

Multiple Choice

Which of the following is true about credit scoring systems?

• A)Lower credit scores are better than higher credit scores.
• B)The whole credit scoring system is based on extensive statistical studies.
• C)Credit unions calculate and sell credit scores to lenders.
• D)Females receive higher credit scores than males.
• E)The stronger the personal traits of a person,the lower his or her credit score is.

---

Definitions:

Subcontractors

Third-party businesses or individuals hired to perform part of the work that was originally contracted by another company.

New Facilities

Refers to the construction or opening of new physical buildings or infrastructure for business or operational use.

Break-Even

is a financial term indicating the point at which costs or expenses and revenue are equal, resulting in no net loss or gain.

Total Revenue

The entire amount of income generated by the sale of goods or services before any deductions are made.