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____________________ Is the Assignment of Various Functions,such as Human Resources,accounting,or

question 70

Short Answer

____________________ is the assignment of various functions,such as human resources,accounting,or legal work,to outside organizations.


Definitions:

Collection Agency

A business that pursues payments of debts owed by individuals or businesses.

Debtor

An individual or entity that owes a debt to another individual or entity, referred to as the creditor.

Credit Report

A detailed report of an individual's credit history prepared by a credit bureau, used by lenders to determine creditworthiness.

Credit Bureau

An agency that collects and aggregates individuals' credit information, providing credit reports to lenders.

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