Sources of Credit Reports/Assessment

Assessment
{Which of the following is a definition of a credit report? -An instrument that will provide ease in obtaining bank financing -A required report by most government agencies +A tool to assist a seller in assessing payment potential of a customer -A report that is the best source to view financial information of a potential customer
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{The concept of a credit report includes -meeting legal requirements of a business license. -providing a way in which a business can solidify a bank line of credit. -providing a debtor the means to outline his/her business principles. +offering an opportunity for a creditor to review key information to make an informed decision.
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{The main purpose of a credit report is to +establish a method for customers to obtain favorable payment terms. -clarify the credit rating of a potential customer. -allow a business to select qualified vendors. -clarify financial rumors about a company.
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{Which of the following is an example of a direct method of credit investigation? -National Association of Credit Manager (NACM) +Customer financial reports -Experian credit report -Industry trade groups
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{Which of the following is an example of an indirect method of credit investigation? -Wall Street Journal -International bank records +Dun & Bradstreet credit report -customer financial reports
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