Which of the following is true of credit scoring? A) It audits the am

Which of the following is true of credit scoring?

A) It audits the amount of assets the applicant has available for use in securing the credit.
B) It specifies the terms of sale for customers who have been extended credit by a firm.
C) It is an ongoing review of a firm’s accounts receivable to determine whether customers are paying according to the stated credit terms.
D) It applies statistically derived weights to an applicant’s scores on key financial and credit characteristics.

ANSWER

D