A Customer Population Is Called _______________ When the Number of Potential

question 59

Multiple Choice

A customer population is called _______________ when the number of potential new customers is not affected by the number of customers already in the system.

• A) finite
• B) infinite
• C) dependent
• D) independent
• E) unbiased

---

Definitions:

Priority

The status of being more important or urgent than something else, often determining the order in which tasks or responsibilities are addressed.

Secured Transaction

Any transaction in which the payment of a debt is guaranteed, or secured, by personal property owned by the debtor or in which the debtor has a legal interest.

Collateral

Assets or property pledged as security for the repayment of a loan, subject to seizure on default.

Foreclosure

A proceeding in which a mortgagee either takes title to or forces the sale of the mortgagor’s property in satisfaction of a debt.