Mabel is a single 40-year-old who has borrowed money on numerous occasions. Her payment record has been good, except she has been delinquent in paying a few bills. Which of the following is true regarding credit information gathered on Mabel?
A. Since Mabel has been delinquent, she waives her right to see the credit files.
B. If Mabel is rejected for a loan because of the consumer report, the lender must tell her the source of the report.
C. Mabel has a right to have the information regarding her delinquency in paying a few loans stricken from her credit record because her record has generally been good.
D. Mabel's only legal remedy, if there is erroneous information in her credit file, is to report the problem to the FTC for enforcement.
Answer: B
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Answer the following statements true (T) or false (F)
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A. All of these predictions refer to population demographic characteristics. B. By 2050, the United States will have proportionately less workers in its population than Japan will have. C. If these predictions come true, the average age of the populations of Japan and South Korea will be lower than the United States. D. If these predictions come true, there will be less of a strain on environmental resources in the years to come. E. Based on these predictions, it is expected that the average age of the population in the United States will be lower in 2050 than it is today.
The 80/20 rule says that
A. only 20 out of every 100 firms use formal accounting controls. B. a firm should hire 20 sales reps for every 80 customers. C. even though a firm is showing a profit, 80 percent of its business might be coming from only 20 percent of its customers. D. usually about 20 percent of a firm's customers are unprofitable. E. marketing accounts for 80 percent of a typical consumer's dollar.
Bait and switch is not a deceptive advertising technique
Indicate whether the statement is true or false