Which of the Following Is True Regarding Credit Scoring Systems

question 157

Multiple Choice

Which of the following is true regarding credit scoring systems?

• A) Lower scores are better than higher scores.
• B) Scoring systems are based on statistical studies.
• C) Credit unions calculate and sell credit scores to lenders.
• D) Females receive higher score than males.
• E) All of the above

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Definitions:

Business Executives

Individuals who hold senior management positions within a company, responsible for strategic planning and decision-making.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Self-Serving Bias

The common tendency to attribute one's successes to personal factors and one's failures to external factors.

Unrealistically High

Describes expectations or standards that are excessively beyond what is achievable or reasonable.