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swat32
1 year ago
14

Why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report?.

Business
1 answer:
Marta_Voda [28]1 year ago
3 0

The act placing a fraud alert is an effective way of dealing with inaccuracies in a credit report because its encourages the lenders and creditors to take an extra steps to verify the credit-account holder before issuing credit.

<h3>What do we know as credit report?</h3>

Basically, a typical credit report refers to a statement that has important information about your credit activity and & credit situation such as loan paying history and the status of your credit accounts. Most people in the United States have more than one credit report

The purpose of placing fraud alerts on credit reports is explained as follows. When a fraud alert is placed, its can make it harder for someone to open unauthorized accounts in your name. Also, the action also encourages or requires lenders and creditors to take extra steps to verify your identity such as contacting one by phone before opening a new credit account in your name or making changes to existing accounts.

Read more about credit report

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A factory machine was purchased for $70,000 on January 1. It was estimated that it would have a $14,000 salvage value at the end
denis-greek [22]

Answer:

$5600

Explanation:

The amount of depreciation expense for year 1

depreciation under the first year under units of activity method

[ (cost - salvage value) / estimated machine hours ] * actual machine hours worked in the first year

= [(70000 - 14000) /  40000 ] * 4000

= 56000 / 40000 ) * 4000

= 1.4 * 4000 = $5600 ( amount of depreciation expense for year 1 )

7 0
3 years ago
Learning: Share 2 main things you learned about communications in Module 2.
Arte-miy333 [17]

Hi, you've asked an incomplete question. However, I answered from a general English Language perspective.

<u>Explanation:</u>

Things learned about communications:

1.  No communication occurs when what is been said cannot or is not been understood.

2.  Communication also occurs non-verbally, like when one shows a friendly smile without a word, it as though they are saying, I'm happy with you.

Two strengths that you think you have in communication:

1.  I'm a good listener

2.  I can ask a lot of questions.

Two weaknesses that you think you have in communication that you  can improve in the future:

1.  My use of ambiguous language that is difficult for my listener to understand

2.  Not giving total attention to the speaker.

Challenges: Share two things that you find very challenging in effective communication.

1. avoiding pre-conceived judgments about what is been said

2.​ giving the desired feedback without derailing from the subject that is been discussed.

5 0
2 years ago
Once a company starts growing and showing potential, entrepreneurs look for ______ financing.
galina1969 [7]

Once a corporation starts growing and showing potential, entrepreneurs search for equity financing.

<h2>What is financing?</h2>

The study and discipline of cash , currency, and capital assets is understood as finance. it's related to but not the same as economics, which is that the study of the production, distribution, and consumption of cash , assets, goods, and services.

Financial Difficulty refers to current or impending financial conditions that impair or may impair a provider's ability to satisfy current or future obligations.

Financial controls are the procedures, policies, and methods that a corporation uses to monitor and control the direction, allocation, and utilization of its financial resources. Financial controls are at the guts of any organization's resource management and operational efficiency.

To know more about financing :

brainly.com/question/26011426

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4 0
2 years ago
Give an example of an official in public service who failed to show probity, and explain your
Sedbober [7]

Answer:

The perfect and perhaps most commonly known is former U.S. President Richard Nixon.

Explanation:

Nixon was President of the United States from 1969 to 1974, he was elected for two periods, but he only finished one and less than half the other one. The reason is that he was embroiled in the Watergate scandal: an espionage campaign of the Democratic Party from Republican officials, including Nixon himself.

With these acts, Nixon, as the highest public official in the nation, failed to show probity, and dishonored the office of the president. He was quick to renounce the presidency, and would have faced legal challenges if not for his Vice President, Gerald Ford, who became president as his replacement, and issued him a presidential pardon immediately after.

6 0
3 years ago
When compared to a mixed-market economy, a command economy typically has
Alex787 [66]

Correct answer choice is:

<h2>B. more government control over production.</h2><h3>Explanation:</h3>

A command economy is a regularity where the government, rather than the free market, decide what assets should be manufactured, how enormously should be manufactured and the amount at which the assets are allowed for trade. It also fixes finances and interests. The command economy is a fundamental characteristic of a communist nation.

<h2 />
4 0
3 years ago
Read 2 more answers
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