Tom Has Bad Credit and Would Like to Fix It

question 74

Multiple Choice

Tom has bad credit and would like to fix it. He sees an advertisement from a company that can fix his credit problems. He calls and pays them a large fee to erase his credit history. The company cannot erase his history. Tom has been taken by a ___________ scam.

• A) telemarketing
• B) hard sell
• C) credit repair
• D) magazine

Recognize the importance and accurate terms of modern broadcasting methods online.

Differentiate between various forms of digital communication (blogs, wikis, podcasts, and social networking).

Understand the challenges and policies associated with using instant and text messaging for business.

Explore the concept of crowdsourcing and its benefits for businesses.

---

Definitions:

Class Action Lawsuit

A legal action filed by one or several individuals on behalf of a larger group of people who are affected by the same issue.

General Purpose Financial Reporting

Financial statements prepared to meet the information needs of various stakeholders not directly involved in managing the entity.

IASB

The International Accounting Standards Board, an independent body responsible for the development and publication of International Financial Reporting Standards (IFRS).

FASB

The Financial Accounting Standards Board, which is responsible for developing accounting standards in the United States.