__________is a procedure resulting in a number reflecting the applicant's credit strength, derived as a weighted average of the scores obtained on a variety of key financial and credit characteristics.
A) Credit analysis
B) The economic order quantity model
C) Credit scoring
D) Aging of receivables

Question

Quizplus · Accepted Answer

The procedure described is known as credit scoring, which involves analyzing various financial and credit-related factors to assign a numerical score indicating an applicant's creditworthiness. This score is derived using a predetermined formula that weighs each factor and provides a quick and reliable way to assess credit risk.

__________Is a Procedure Resulting in a Number Reflecting the Applicant's