Which of the Following Personal Information Should Not Be Asked

question 35

Multiple Choice

Which of the following personal information should not be asked on a credit card application?

• A) Stocks and bonds owned
• B) Race or ethnic group
• C) Employment history
• D) Expenses and commitments

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Definitions:

Monopolistic Competitors

Companies in a market where many sellers offer products that are similar but not identical, giving each some degree of market power.

Small Companies

Businesses with a smaller scale of operations, employee base, and market presence, often characterized by lower revenues than larger corporations.

Business Firms

Business firms are commercial organizations engaged in the production, distribution, or sale of goods and services for profit.

Differentiated Product

A product that differs from its competitors based on features, quality, branding, or some other characteristics.