Which of the following statements regarding the Fair Credit Reporting Act is TRUE?
A) Direct writers do not need to inform applicants about investigative reports.
B) Third-party credit information may be given to insurers at any time.
C) A Notice to Applicant is always issued within 3 days after the policy is delivered.
D) A Notice to Applicant is required."
Ans: D) A Notice to Applicant is required."
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What is a major drawback of sites that rate and review products?
A) Consumers do not read such reviews, in general. B) Consumer read such reviews, but tend not to believe them. C) Only advertised products appear in these sites. D) There is always the possibility marketers will receive negative reviews. E) Connectors ignore these sites and, instead, depend solely on pitches by marketers.
"High reliability can be achieved in a product without having high reliability in the component parts. In fact, any reliability target, no matter how high, can be achieved with only mediocre parts, so long as enough of them are present"
Discuss; an example may help.