Which of the Following Debt Collection Practices Is/are Prohibited by the Fair

question 49

Multiple Choice

Which of the following debt collection practices is/are prohibited by the Fair Debt Collection Practices Act?

• A)Contacting a debtor at work if the debtor's employer objects
• B)Misrepresenting the collection agency as a lawyer or police officer
• C)Contacting a debtor before 8 a.m.or after 9 p.m.
• D)Contacting a debtor at work if the debtor's employer objects,misrepresenting the collection agency as a lawyer or police officer,and contacting a debtor before 8 a.m.or after 9 p.m.
• E)Contacting a debtor at work if the debtor's employer objects and misrepresenting the collection agency as a lawyer or police officer are prohibited,but not contacting a debtor before 8 a.m.or after 9 p.m.

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Definitions:

Replacement Value

The cost to replace an asset with another of similar function and efficiency.

AASB 138

The Australian Accounting Standards Board standard that specifies the accounting treatment for intangible assets not covered by other standards.

Internally Generated

Refers to assets, benefits, or revenues produced within a company through its own processes and activities.

Identifiable Intangibles

Non-monetary assets without physical substance, which can be separated from a company and sold, transferred, licensed, rented, or exchanged.