The Lowest FICO a Consumer Can Achieve Is

question 71

Multiple Choice

The lowest FICO a consumer can achieve is

• A)250.
• B)300.
• C)400.
• D)505.

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Definitions:

Unit Product Cost

The total cost (both direct and indirect) allocated to a single unit of product, used in setting prices and assessing profitability.

Variable Costing

A method of inventory costing that includes only variable production costs (materials, labor, and variable overhead) in the cost of goods sold, treating fixed overhead as a period expense.

Net Operating Income

The profit a company makes after deducting operating expenses like wages, depreciation, and cost of goods sold, but before interest and taxes.

Operating Loss

A situation where a company's operating expenses exceed its gross profits or revenues, indicating that it is not making money from its core operations.