BUSINESS HIGH SCHOOL

Which of the following statements about credit scores is TRUE?Credit scores reflect how likely individuals are to repay their debts.
Credit scores range from the low 300’s to the mid 800’s.
Each person has three credit scores.
All of the above.

Answers

Answer 1
Answer: I believe the answer is: All of the above

- Credit scores reflect how likely individuals are to repay their debts.
(for example, your credit scores would get lower if you miss your credit card payments or always maxing your credit card limit)

- Credit scores range from the low 300’s to the mid 800’s.
( this standard is used by all credit companies across united states, as the scores got higher, The more likely the credit card holder will pay their due)

- Each person has three credit scores.
(one from equifax, one from transunion, one from Experian)
Answer 2
Answer:

Credit scores are a numerical representation of an individual's creditworthiness and their likelihood to repay debts. The Option D is correct

What do credit scores reflect and what is their range and how many does each person have?

They are calculated based on various factors such as payment history, credit utilization, length of credit history, types of credit used, and new credit applications. Credit scores typically range from the low 300's to the mid 800's, with higher scores indicating a lower risk of defaulting on debts.

Each person typically has three credit scores one from each of the major credit bureaus (Equifax, Experian, and TransUnion) which may vary slightly due to differences in the data reported to each bureau. These scores play a significant role in determining an individual's ability to access credit and secure favorable interest rates for loans and credit cards.

Read more about credit scores

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Related Questions

.. Will has a Personal Auto Policy. Which of the following cars would qualify for coverage as a "temporary substitute" under Will’s policy? A. Will borrows his neighbor’s car for a week. B. Will buys a new pickup to replace his old car. C. Will rents a car for a road trip up to Maine. D. Will rents a car while his car is in the shop.
Ava obtains a short-term loan from a payday loan lender. When the loan is due, Ava does not have enough money to pay the loan. She uses her credit card to pay it off rather than extend the payday loan. Will Ava's actions increase the total cost of the loan more than just extending the loan? Why or why not?No, because she will not have to pay any interest on her credit card. No, because the interest charged by her credit card will be less than the interest charged by the payday lender. Yes, because payday loans do not charge extra fees or interest to extend a loan. Yes, because the interest charged by the payday lender is less than the interest rate of her credit card.
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How is sales tax similar to a flat tax?They are both direct taxesThey are both indirect taxesThey are both the same rate for everyoneThey both change according to income

When creditors make a decision about approving an individual for a credit card, they consider an individual’s _____.?

Answers

When creditors make a decision about approving an individual for a credit card, they consider an individual's Debt to Income Ratio.

The creditors consider ratio to give your credit score and to determine whether that debtor has the capability to pay back their Debt.

You should not pursue a career in an industry that has experienced even a small decline in employment growth.True
False

Answers

Answer:

The correct answer is "False".

Explanation:

It is not correct to say that if an industry experiences a small decline in employment growth, it affects career choice. This phenomenon can be due to variations in the country's economic cycles, sometimes being affected only in the short term and with a possible rise in the long term.

Have a nice day!

False. The decline could be a short term aberration or it could depend on the industry that is being discussed.

Select the items that describe the results of scarcity.There are not enough goods and services to meet everyone's wants.
There are too many resources for producers to use.
Using resources today means having fewer of them in the future.

Answers

The answer is: There are not enough goods and services to meet everyone's wants

Scarcity occurs when the amount of resources that exist in a certain area are not enough to fulfill the needs of all people in that area.

When there is less resources, there would be less materials that can be used to produce goods and services. This would lead to the increase in product's price and high number of unemployment.

Final answer:

Scarcity arises when there aren't enough goods and services to satisfy wants, leading to economic decisions about distribution and consumption. An abundance of resources doesn't represent scarcity. Consuming scarce resources now suggests fewer available resources in the future.

Explanation:

The concept of scarcity is important in the study of economics. Scarcity arises when there are not enough goods and services to satisfy everyone's wants, which is the first item in your question. This imbalance between wants and available resources leads to economic decisions about production, distribution, and consumption.

The second item you listed does not correctly represent the consequences of scarcity. Scarcity indicates a deficiency of resources, not an abundance, so there wouldn't be too many resources for producers to use.

The last item talks about the consequences of resource consumption. When scarce resources are consumed today, it implies that there will be fewer of these resources available in the future. This concept goes hand in hand with the idea of opportunity cost, which is the cost of forfeiting the next best alternative whenever a decision is made.

Learn more about Scarcity here:

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For a segmentation strategy to be successful, the customers in the segment must react similarly and positively to a firm's offering, corresponding to which of the following criteria for evaluating segment attractiveness?

Answers

I had to look for the options and here is my answer:

Segmentation strategies are divided into five categories: behavior, benefit, demographic, geographic and psychographic. These strategies aims for the population or market subdivision. For the strategy to become successful, the ability of the customers to positively react to the firm's offering is being responsive. 

Bonds can be issued with detachable warrants. When this occurs, how should the cash received at the issuance be accounted for: Multiple Choice All of the proceeds are allocated to the bonds. The proceeds from the bond issue are allocated between the bonds and the warrants on the basis of their relative face values. A nominal amount is allocated to the warrants. The proceeds from the bond issue are allocated between the bonds and the warrants on the basis of their relative market values.

Answers

Answer:

The proceeds from the bond issue are allocated between the bonds and the warrants on the basis of their relative market values.

Explanation:

Bonds are securities issued by the company where investor can invest in such securities and can earn interest.

Warrants are rights which states that on redemption of bonds it shall be converted into company's shares.

When bonds are issued with detachable warrants, that means there is a  basic amount  of bonds and warrants. Also, each shall be accounted separately.

Bond issue of these bonds includes value of bonds that shall be accounted and added to value of bonds, and  the value of warrants shall be accounted in warrants.

What does FEMA stand for

Answers

Hey there, FEMA stands for Federal Emergency Managment Agency. The Federal Emergency Managment Agency is to support the citizens, it's like a order but it's not, a lot of people join the FEMA to work together to build different types of stuff.
If you are talking about what I am thinking... FEMA means (Federal Emergency Management Agency) 
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