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Day 4 - Credit Management Upskilling Quiz

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

If a customer was granted a "Debt Waiver", does that mean that the customer is no longer liable for the debt?

a)

Yes

b)

No

2.

Panthera Finance is an example of a ____________?

a)

Debt Buyer

b)

Outside Collection Agency

3.

Dun & Bradstreet Australia and Mendelsons Lawyers are examples of ________?

a)

Outside Collections Agency

b)

Debt Buyers

4.

Suppliers must undertake a Credit Assessment before providing a Post-Paid Service to a customer, and explain the financial implications of the provision of that Post-Paid Service to a Customer or their Guarantor. This pertains to which Credit Reporting Obligation?

a)

Application of Service

b)

Payments

c)

Debt Collection

5.

Suppliers must have a Financial Hardship policy and ensure that it is easy for Customers to find and access; or that Suppliers must advise Customers of the policy if they have identified that the Customer may be experiencing Financial Hardship. This pertains to which Credit Reporting Obligation?

a)

Financial Hardship Policy

b)

Debt Collection

c)

Credit Assessment

6.

Which is an example of a Credit Management Treatment?

a)

Credit Risk Flagging

b)

Fraud Flagging

c)

Service Barring

7.

__________ is the term that we use when a Consumer customer declares financial incapacity.

a)

Bankruptcy

b)

Insolvency

8.

__________ is the term that we use when a Business customer declares financial incapacity.

a)

Insolvency

b)

Bankruptcy

9.

What does PACC stands for?

a)

Post Activation Credit Check

b)

Pre Activation Credit Check

10.

What does ICE stands for?

a)

Insolvency Centre of Excellence

b)

International Centre of Excellence