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3 years ago

How does the fair credit reporting act help the consumer

Business

1 answer:

Step2247 [10]3 years ago

7 0

<h2>Answer with Explanation</h2>

The Fair credit reporting act is the law that protects consumers from miscommunication being used against them. It helps consumers by offering special guidelines on the methods of credit reporting and provide them access to their own credit report. In addition, protected access is also provided to banks, insurance companies or other businesses that offer credits. It also allows consumers to receive a notification of any possible negative notification as well as protect personal account numbers.

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When they first started to conduct business, international ride-sharing companies such as Uber or Lyft relied on new, unfamiliar

kobusy [5.1K]

Ride sharing is transformational innovation, according to the innovation matrix.

Uber and Lyft use transformational innovation

Transformational innovation includes making discoveries and creating products for the market.
Companies like Uber use credit and debit cards for reservations, a novel tactic.
Such ideas were virtually unknown to markets in many nations.
In some markets, it gave businesses like Uber a competitive edge.

To learn more about transformational innovation, refer to-

brainly.com/question/17517143

#SPJ4

5 0

2 years ago

To maintain good citizenship as a company and to make a fair profit on current operations are examples of _____. values

Radda [10]

Those are examples of values.
Values is a set of standard that held by certain individuals or group that would be a crucial factor in creating their moral codes.
Different companies may held completely different values based on what they want to achieve as their goals and identity.

7 0

3 years ago

A company that loans money to an organization is a(n):______.a. supplier.b. lender.c. shareholder.d. investor.

fomenos

Answer:

lender.

Explanation:

A lender is an individual or company that makes funds available another com[any. Lenders receive fixed payments based on a predetermined rate at an agreed time.

A shareholder is the owner of a company. A shareholder is a person who buys the stock of a publicly traded company

Supplier provides raw materials needed for production to a company

An investor can either be a lender or shareholder

6 0

3 years ago

A miner working for a mining company requests the purchasing agent of the company to buy a particular brand of high powered LED

sesenic [268]

Answer:

The correct answer is letter "B": users.

Explanation:

We can identify seven (7) roles members of a company can play in the organizational purchasing process: <em>initiators, users, buyers, influencers, deciders, approvers, </em>and <em>gatekeepers</em>. The users are the characters who are likely to benefit directly from the purchase since the products bought will be provided to them. Sometimes they play the role of the <em>initiators </em>requesting what is necessary.

7 0

3 years ago

Crowl Corporation is investigating automating a process by purchasing a machine for $802,800 that would have a 9 year useful lif

Annette [7]

Answer:

Simple rate of return = 6.25%

Explanation:

As per the data given in the question,

Net operating income = saving - depreciation on machine

Investment = cost price - scrap value

So, we can calculate the simple rate of return by using following formula:

Simple rate of return = Net operating income ÷ investment

By putting the value, we get

= ($138,000 - $89,200) ÷ ($802,800 - $22,200)

= 0.0625

= 6.25%

3 0

3 years ago