Accounting and Finance Foundations

Unit 10

Accounting and Finance Foundations Unit 10: Credit 802

Credit

Evaluation Criteria

You must score a 3 or 4 on the scenario in order to pass this assessment.

Scoring Rubric

4

•    Thoroughly describes the steps required to open a credit-card account

•    Clearly identifies information needed by a creditor

•    Explains the three C’s of credit correctly

•    Thoroughly explains advantages and disadvantages of making a purchase on credit

3

•    Adequately describes the steps required to open a credit-card account

•    Identifies information needed by a creditor in a reasonably clear manner

•    Explains most or all of the three C’s of credit correctly

•    Adequately explains advantages and disadvantages of making a purchase on credit

2

•    Provides limited explanation of the steps required to open a credit-card account

•    Provides limited explanation of information needed by a creditor

•    Explains some the three C’s of credit correctly

•    Provides limited explanation of advantages and disadvantages of making a purchase on credit

1

•    Provides little or no explanation of the steps required to open a credit-card account

•    Provides little or no explanation of information needed by a creditor

•    Explains the three C’s of credit incorrectly

•    Provides little or no explanation of advantages and disadvantages of making a purchase on credit

Open-Response Unit Assessment S/T Guide