Which Piece of Legislation Prohibits Denying an Applicant Credit on the Basis

question 80

Multiple Choice

Which piece of legislation prohibits denying an applicant credit on the basis of discrimination?

• A) Equal Credit Opportunity Act
• B) U.S. Constitution
• C) Fair Credit Act
• D) Truth in Lending Act

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Definitions:

Materials Requisitions

Requests for the supply of materials necessary for production or operational purposes within an organization.

Storeroom

A room or space used for the storage of goods or supplies, typically in a business or retail setting.

Underapplied Factory Overhead

The amount of actual factory overhead in excess of the factory overhead applied to production during a period.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material, labor, and overhead expenses.