...My highest score was responding, scoring 18. I was actually a bit surprised. When completing the score sheet, I actually predicted that I would score lowest in responding. I tend to keep my opinions to myself especially if others are expressing their opinion whether I agree or disagree with them. But I do see why I got the high score. Corresponding with the explanation given in the score sheet, I do always let others know that what they say is important and that it was understood. My lowest score was hearing and understanding, scoring 14 for both. I was also a bit surprised, but also realized why I scored lower in these areas. When completing the score sheet, I actually predicted that I would score higher in hearing. I’ve always been a great listener and been able to identify main ideas/thoughts. From the statements I gave a lower score in “I am not easily distracted” and “I sometimes interrupt before a speaker is finished.” I tend to get distracted a bit more easily especially when I have a hundred things on my plate of to do. Also I would never interrupt a speaker before they are finished. When I worked in retail in the past, responding was a big factor. In the store I worked in customers would come in looking for specific items and describe it in great detail. I would repeat their details and made sure that they knew I understood what they were looking for. I would say that having customers be so detailed and specific has helped me improve in hearing and understand as...
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...THE SCORE MAGAZINE The Score is an interesting magazine that differs from other magazines with their style of presenting and the various type of information that they have. Well, apart from being informative only for certain things, this magazine has covered everything that really related with our lifestyles. The Score magazines are suitable for teenagers and adults whether male or female, even it is for me especially, it is not problem as it is an open magazine. Besides, this magazine does not take serious on the difference of races, nations and also religions. Any sensitive issues are not available in this magazine of course. It is also not depends only on certain cultural background, but anyone can experience what it is actually in this magazine. Because it covers everything related to our interest in our life such us films, gigs, gadgets, sports, artist, personal views and even foods, it is 100% suitable in the campus or work life especially, no doubt. With the cheaper price, the readers can get a variety of information here. Plus, the readers also can saves 10% of the cover price by subscribing the magazines for 12 issues with reasonable price as it is told in the advertisement as well as it’s deliver services is good too. As it is not too thick and heavy like other informative magazines, you can carry out this magazine anywhere you want and not disturbed by it. Because it is not really suitable for children, we will add another portion or a small book and package...
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...the world we live in today having a good FICO score is definitely an essential in getting where you want to be in your future. From purchasing a new home, buying a new car, applying for a small business loan, to even applying for a job, your FICO score has a major impact in that decision making process. FICO scores consist of a mathematical equation that evaluates many different types of information from your current and past credit history and your standings with those companies. An individual’s FICO score is consisted of 3 major agencies that track these. The three bureaus are Transunion, Experian, and Equifax. All three of these report and monitor in different forms but they are all a source of referral when applying for any type of credit inquiry. FICO scores can range from 300-850, the higher the score of an individual, the lower the risk is considered. The lower the score the higher the risk is considered. When a person goes to apply for a loan, job, etc. the company will then go and look at the individuals credit score. When a person has a positive credit history, it is more likely that he/she will be approved because of this and it will reflect in their score. It is beneficial to always pay bills on time, keep your debt low and pay early on bills if possible or more than the required payment. The world is evolving every day and in today’s society even getting a job can depend on an individual’s credit score. If an individual were to go and apply for a...
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...Z-Scores A z-score, which is symbolized as z, is the statistic that relates the distance a score is relative to its mean when measured in standard deviation (SD) units (Heiman, 2012). The importance of a z-score is that it enables one to analyze data relative to scores. Z-Scores allow us to determine whether a particular score is equal to the mean, below the mean or above the mean of a bunch of scores, and how far a particular score is away from the mean. Evaluating the scores of Eric’s to determine different z-scores, we use the following computations that he computed where it takes a mean of 17 minutes with a standard deviation of 3 minutes to drive from home, park the car, and walk to his job. , Next we determine the z-score relative to the mean and the SD, to analyze the difference in time to accomplish these steps on different days. One day it took Eric 21 minutes to get to work, and computing the means from the minutes by the SD results in a z of +1.33, which tells you that Eric's time to get to work is 1.33 standard deviations from the mean. The z is positive because it is above the mean, and demonstrates that it took longer for Eric to leave home, park his car and walk to his job when the raw value of time was 21 minutes. On another day in which it took Eric 12 minutes to get to work, the z value resulted -1.66, demonstrating that the time it took Eric to get to work was below the mean, or it took less time. Observing the time in comparison to the mean, it is obvious...
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...SCORE YOUR SUPPLY CHAIN ACCURATELY The volatility in cotton prices over the last three years should have taught everyone involved in cotton, textiles, and a very important lesson: namely, that understanding, managing, and scoring the supply chain accurately is critical to the survival and profitability of every business. Far too often, sourcing decisions have been made based on only one dimension – nominal price, or “first cost”. Price becomes meaningless if delivery is not made. A common refrain in 2011 was that the brand or retailer couldn’t get delivery of the garment because the contractor couldn’t get the fabric because the weaver or knitter did not get the yarn from the spinner who did not get the cotton from his supplier. In many cases, those who operated in the one-dimensional “price” world got stung very badly. There should be multiple factors involved in reaching sourcing decisions, and these factors are interactive. While sourcing decisions will be different for each region, each product, and each company, there are some common rules which should be followed. Sourcing executives should make informed decisions after carefully considering all the factors, the component parameters of those factors, and the way they interact with each other. This article offers a “Sourcing Scoreboard” for making informed decisions about scoring the supply chain accurately. This model is built for the sourcing decisions a U.S. brand or retailer would make for the supply...
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...A New Credit Score “Augmentative Essay” Patricia Edwards Strayer University English 215 Professor : Gail Giewont A New Credit Score The credit laws of our society need to have a major over haul one that would take into account the hard working people of this great land of ours. This new law would give any US citizen that has been employed for minimum of 20 years in the Unites States, i.e. the Military, Government Employee or Contractor, with no criminal background, have paid their taxes, be given the opportunity to have a clean credit score one that is in such high demand. One that say I’ve made it in essence a chance to start anew. To share some of the perks that others from countries other than America have long since enjoyed when arriving to The USA. Americans have made America what it is. Some have even shed blood sweat and tears. Through a good economy a bad economy lean years, hard years, fought in wars and sometime come home to nothing, even homelessness. Some are looked at as though they are second class citizens because they have endured some hardship of some kind, or maybe just human error in younger days, bad financial management, or fighting in a war! But should one be punished for the remainder of their lives, because they don’t have and 800 credit score? Is this the land of opportunity for just a few where one is judged by...
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...it’s how we choose to live as an individual, however it can cause stress, and affect the dynamic of your life, and life happens. I will like my viewers to understand what a, Credit Score is, According to Neighbor Works America, a numerical value based on the analysis of a credit report that is used by creditors to predict how likely an individual is to repay a new loan, (Doris Barrell, 2015 pg. 344) a credit score is called, (According to Neighbor Works America,) “ FICO, reports and the company that developed the system, (Doris Barrell, 2015 pg. 346) a system of scoring credit there are different types of models used in the industry of credit, with a high fico score of 850 is a very good...
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...It can be frustrating at times, but our credit score determines a lot in our quality of life. A bad credit score can affect the interest rates on car loans, house loans, student loans, and any other loan of money needed. So, is it possible to fix bad credit? Your credit score can range anywhere from zero to 800. The higher your score, the better interest rates you'll get on loans, and the more likely you'll be approved in any lending process. The difference between two credit scores can mean thousands of dollars spent on interest rates. When your worried about your credit score, the first thing you need to do is to get a copy of your credit report. If your score is below 720, then you have some work to do if you're looking for a good rate...
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...Have on A Credit Score Nicholas Rogers EC315 10 March 2013 TABLE OF CONTENTS PURPOSE STATEMENT AND MODEL………………………………………………………..3 DEFINITION OF VARIABLES…………………………………………………………………3 DATA DESCRIPTION…………………………………………………………………………..5 PRESENTATION AND INTERPRETATION OF RESULTS………………………………….7 WORKS CITED…………………………………………………………………………………10 DATA SOURCES……………………………………………………………………………….10 REGRESSION ANALYSIS AND CORRELATION MATRIX……………………attachment 1 PURPOSE STATEMENT AND MODEL With the current state of the economy and job market in the United States, many individuals are shocked to hear that credit scores are becoming even more important now than before not only when it comes to making purchases or financial decisions, but also in other aspects of their everyday life. According to Forbes.com staffer, Heather Struck, in A Bad Credit Score Affects A Lot More Than Credit, ones FICO score can affect their ability to get a job, their insurance rates, and even how their personal relationships work out (2011). Some people have differing opinions on what can hurt or help a credit score. To keep from going into each of those possible outcomes, I am just going to pay attention to geographic location and age of the person seeking credit. The purpose of this project is to see what, if any, effect where a person lives and his age will have on his credit score. The dependent variable, CREDIT SCORE, is determined by...
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...Assignment 1: Calculating Credit Scores Course Objectives and Learning Outcomes Identify the factors that determine someone’s credit rating. Calculate the cost of a loan given various ratings of the borrower. Analyze various personal finance scenarios dealing with student loans, personal consumer loans, mortgages, the true cost of bad credit, compound interest, savings, investing in assets, budgeting, and using self-control when spending. Assignment Requirements A credit score needs to be protected and improved. You need to understand the true value of a credit score by researching the causes of bad credit scores and how to improve them. Using the Internet and ITT Tech Virtual Library, you will research how the credit score is calculated and what influences the credit score. Answer the following questions in detail. How is your credit score (FICO) created? Who reports your FICO score? What are the factors in determining the FICO score? What steps could you take to improve your FICO score? Required Resources Skills for Living a Rich Life, Chapter 12 Computer with MS Word and Internet access ITT Tech Virtual Library Printer Submission Requirements Prepare a two- to three-page typed paper, double-spaced, using 12-point Times New Roman font. Please include appropriate references in APA format. This assignment is due at the beginning of Unit 8. GS2745 UNIT 7 ASSIGNMENT 1 How is your credit score (FICO) created? FICO Scores are calculated from several...
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...good credit score can save consumers money with lower interest rates because lenders use it to determine credit risk. Lenders use different tools to determine risk; the most widely used tool is the FICO Credit Scoring system. Maintaining a satisfactory credit score is important because lenders consider this an important tool for determining credit risk. According to the Fair Credit Reporting Act, the definition of a credit score is “a numerical value or a categorization derived from a statisticaltool or modeling system used by a person who makes or arranges a loanto predict the likelihood of certain credit behaviors, including default (and the numerical value or the categorization derived from such analysis may also be referred to as a “risk predictor” or “risk score”); and does not include any mortgage score or rating of an automated underwriting system that considers one or more factors in addition to credit information, including the loan to value ratio, the amount of down payment, or the financial assets of a consumer; or any other elements of the underwriting process or underwriting decision” (FCRA §609(f) (2)). Although there are different types of credit scoring models, the most widely used is the FICO scoring system, created by Fair, Isaac, and Company. The factors that make up this score are as follows: payment history, new credit, amounts owed, length of credit history, and types of credit used. The length of time used for creating the score is the previous...
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...FICO Credit scores and the Fair Credit Reporting Act (FCRA) 1. The most widely used credit score is the FICO Score, the credit score system created by the Fair Isaac Corporation. 2. Lenders use the FICO Score to help them make billions of credit decisions every year. 3. Fair Isaac calculates the FICO Score based solely on information in consumer credit reports maintained at the credit reporting agencies. 4. The Fair Credit Reporting Act (FCRA) requires Equifax, Experian, and TransUnion (credit- reporting agencies) to provide you with a free copy of your credit report once per year. 5. FICO Credit scores have five factors Payment History, Outstanding Debt, Length of your Credit History, Recent Inquiries on Your Report, Types of Credit in Use. 6. How to improve your fico score Request a free copy of your credit report and check it for mistakes, such as incorrect late payments and balances. 7. Make sure that you pay your bills on time. 8. Consider setting up automated payments or payment reminders if you continue to have problems paying your bills on time. 9. Stop using your credit cards and start paying them off. 10. Don't close credit cards once they are paid off and don't apply for credit cards unnecessarily. 11. Refrain from using your credit cards again until they are paid off and you know how to use them. 12. Learn how to manage your finances in a positive way that increases your FICO Score and gets you into a more positive position. ...
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...Transforming the balanced scorecard Kaplan. and D. P. Norton. 2001. Kaplan and Norton introduced the Balanced Scorecard to have a comprehensive outlook for business. they believed that financial indicators alone were insufficient to measure performance. Managers that rely exclusively on financial measurements are encouraged to sacrifice long-term improvement for short-term performance. The Balanced Scorecard approach supplements financial measurements with non-financial measures that indicate the actions that increase future financial performance. The Balanced Scorecard approach not only provides a measure of non-financial performance; it links the measurement to strategy. An important element of the Balanced Scorecard is identifying the goals of the company and the steps to achieve these goals. The Balanced Scorecard also reflects the change in technology and competitive advantage that came about in the 20th century. An increase in the importance of intangible assets, such as customer relationships and skills and knowledge of employees, has created the need for non-financial measurements. It is very difficult to measure the value of intangible assets. The value of intangibles is indirect and cannot be identified as separate from the context of the organization. The value arises from the collection of intangible assets and their implementation strategy. The Balanced Scorecard approach does not try to “value” an organization’s intangibles, but it does measure these...
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...can derive an un-weighted gap score or a weighted gap score. Weighting depends upon how you allocate 100 points among the five SERVQUAL categories. A modified use of the questionnaire is to limit it to just the total or average Perception score. This is called SERVPERF and is used when Expectations are likely to be all the same (typically high). Weights can be applied here as well. STEPS TO OBTAIN UNWEIGHTED SERVQUAL SCORE Step 1. Select a business the service quality of which you want to assess. Using the SERVQUAL instrument, first obtain the score for each of the 22 expectation questions. Next, obtain a core for each of the perception questions. Calculate the Gap Score each of the statements (Gap Score = Perception – Expectation). Step 2. Obtain an average Gap Score for each dimension by assessing the Gap Scores for each of the statements that constitute the dimension and dividing the sum by the number of statements making up the dimension. Step 3. In TABLE 1 transfer the average dimension SERVQUAL scores (for all five dimensions) from the SERVQUAL instrument. Sum up the scores and divide it by five to obtain the unweighted measure of service quality. STEPS TO OBTAIN THE WEIGHTED SERVQUAL SCORE Step 1. In Table 2 calculate the importance weights for each of the five dimensions constituting the SERVQUAL scale. (The instructions are provided along with the table). Step 2. In Table 3 enter the average SERVQUAL score for each dimension (from Table...
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...depressive symptomology (Radloff, 1977). It is a self-assessment that is completed by the individual. The CES-D contains 20-items rated on a 4-point scale (0 = Rarely or None of the Time to 3 = Most or All of the Time). The phrase “Within the past week did you…” prefaces the questions in order to emphasize recent depressive mood. Scores are summed and can range from 0 to 60. Traditionally, individuals with scores over 16 are identified as “depressed” (Weissman, et al., 1977), though due to high false positive rates, a score of 27 is considered a more useful cut-off (Zich, et al., 1990). The full scale can be accessed at: http://www.chcr.brown.edu/pcoc/cesdscale.pdf. Items 4, 8, 12, and 16 are reversed to avoid “yay-saying” or “nay saying” (Radloff, 1977). Several studies have validated four subscales across a variety of subgroups (i.e., depressive affect, well-being, somatic, and interpersonal) (Gliem & Gliem, 2003). Reliability and Subtest Scoring You will continue the analysis of the CES-D data by learning to score the survey and create subtest scores. Note: we are creating our own norms on this survey for Friberg University students so there are no scores for comparison. According to Knight, Williams, McGee, and Olaman (1997) and many others (e.g., Gliem & Gliem, 2003), the following subscales can be calculated: CES-D Subscales DA = Depressive Affect W = Well-being S = Somatic I =...
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