Requesting references before extending credit
A) was once common, but not anymore.
B) happens only when the applicant has a very poor credit rating.
C) is illegal in the U.S.
D) is just a diplomatic way of denying applications.
E) is a common practice.

Question

Quizplus · Accepted Answer

E)The need to inquire about people arises often in business.For example,before extending credit or awarding contracts,jobs,promotions,or scholarships,companies often ask applicants to supply references: a list of people who can vouch for their ability,skills,integrity,character,and fitness for the job.Asking for references is still a common practice,happens regardless of the applicant's credit rating,is not illegal in the U.S.,and is not a diplomatic way of denying applications.

Requesting References Before Extending Credit