Credit Scoring Systems Can Be Used To

question 13

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 and Bradstreet reports.
• D) evaluate credit risk based on the borrower's characteristics.

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Definitions:

Bilirubin

Bile pigment derived from hemoglobin during the destruction of red blood cells.

Erythrocytes

Oxygen-carrying blood cells, also known as red blood cells, which are responsible for delivering oxygen from the lungs to all parts of the body.

Hemoglobin

An iron-containing protein in red blood cells that transports oxygen from the lungs to the tissues of the body.

Platelets

Small blood cells essential for blood clotting, helping to stop bleeding by clumping together and forming plugs in blood vessel injuries.