The Higher Your FICO Score, the More Risk You Pose

question 108

True/False

The higher your FICO score, the more risk you pose to creditors.

---

Definitions:

Raw Materials Inventory

The total value of all the inputs that are used in the production process but have not yet been transformed into finished products.

Production Budget

An estimate of the total cost of production, including materials, labor, and overhead costs, for a specific period.

Ending Inventory

is the value of goods available for sale at the end of an accounting period, calculated by adding new purchases to the starting inventory, then subtracting the cost of goods sold.

Budgeted Sales

Projected or planned sales for a future period, often used for planning and financial forecasting.