Credit scoring models are used to discriminate between good and bad credit applicants.Which of the following items is a major weakness of this approach?
A) they cannot be applied to a company receiving numerous consumer credit applications
B) they are too time consuming to apply
C) they can only take one customer attribute into account at a time
D) they do not look at collateral
Correct Answer:
Verified
Q3: Weakness of the "Five C's" framework of
Q4: Recent evidence shows that credit professionals work
Q5: Which of the following are advantages that
Q6: The major motives for trade credit extension
Q7: A credit analyst is going over a
Q9: Regarding credit limits,most credit executives
A)employ limits for
Q10: A credit policy includes each of the
Q11: Departments of local credit associations that provide
Q12: Rule-based computerized applications of artificial intelligence to
Q13: The PRIMARY reason given by those companies
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents