The most commonly used credit scoring system is the Fair, Isaac and Company (FICO) scale. The FICO scale runs from _____.
A. 300 to 850
B. 200 to 500
C. 800 to 1200
D. 400 to 950
Answer: A
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In 2004, the number of unemployed people in a country decreased from 8.8 million to 8.1 million, while the labor force increased from 146.5 million to 147.4 million. By how much did the unemployment rate decrease?
A. 0.5 percentage point B. 0.7 percentage point C. 0.9 percentage point D. 1.1 percentage point
The time value of money concept:
A. Means that a dollar today is worth less than a dollar tomorrow. B. Does not involve the concept of compound interest. C. Means that "Time is money." D. Means that a dollar tomorrow is worth more than a dollar today. E. Means that a dollar today is worth more than a dollar tomorrow.
Any cash flows that can be classified as incremental to a particular project - i.e., results directly from the decision to undertake the project - should be reflected in the capital budgeting analysis.
Answer the following statement true (T) or false (F)
In In re Darby Darby had filed for Chapter 13 bankruptcy. The cable company refused to provide him service despite his promise of future payments. The appeals court held that:
a. cable service is not a necessity so Time Warner is exempt from the bankruptcy code b. cable service is a necessity so Time Warner had to provide it under the bankruptcy code c. cable service is not a necessity, but Time Warner still had a duty to provide it since Darby had properly declared bankruptcy d. cable service is a necessity, but is not covered by the bankruptcy code e. cable service is an example of long-term, secured debt and Time Warner was wrong to deny it to Darby