When a Potential Customer Has a Mediocre Credit History, a Firm

question 49

True/False

When a potential customer has a mediocre credit history, a firm should never consider allowing them to become a customer.

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Definitions:

Classmates

Individuals who are enrolled in the same educational course or class.

Prejudice

A preconceived opinion or bias against someone or something, typically not based on reason or actual experience.

Self-Fulfilling Prophecy

A forecast that becomes a reality because of the mutual influence between how one thinks and acts, leading to its own fulfillment.

Postdecisional Dissonance

The psychological discomfort one feels after making a difficult decision, often leading to regret or rationalization of the choice.