A literature survey of private sector methods of determining personal financial responsibility
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Authors
Bodzin, Martin Bradley
Subjects
Advisors
Euske, Kenneth J.
Date of Issue
1988-09
Date
Publisher
Language
en_US
Abstract
Credit grantors and employers have two clearly
established methods-- judgmental and empirically derived--of
determining personal financial responsibility that can be
used as a basis for accepting or rejecting credit or job
applicants. This thesis is a literature survey and analysis
of those methods. The foundations of the two methods are
examined and models of the empirically derived method are
discussed.
The paper builds upon the cost considerations and
governmental constraints of the value-maximizing
organization. Operational costs associated with personal
financial responsibility determination methods include
administrative expense, forgone revenue, and asset depletion
due to decision making errors. Governmental constraints
include information gathering restrictions for equal
opportunity and privacy purposes. Applicability of the
private sector methods to the public sector is also
discussed.
The judgmental and empirical methods are each effective.
Their utilization is based upon their respective abilities to
minimize cost while achieving the organization's objectives.
Type
Thesis
Description
Series/Report No
Department
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
82 p.
Citation
Distribution Statement
Approved for public release; distribution is unlimited.