What are the advantages and disadvantages of implementing credit scoring within a financial institution? 1 Less labour costs 2 Ability to grow the loan portfolios with less resources 3 Ability to apply standardisation across the network 4 The implementation of an impersonal and distant 5 Allows use of experienced staff at the centralised level 6 High turnover of staff based on lower job satisfaction 7 Risk and return can be quantified across the portfolios 8 A measurable rejection method 9 The potential for inappropriate analysis and decision-making 10 Lower levels of investment in training of lending officers 12 Potential alienation of the targeted client group 13 Losses are managed with statistically acceptable boundaries THESE QUESTIONS REQUIRE YOU TO STATE WHICH OF THESE ITEMS BELONG TO ADVANTAGE OR DISADVANTAGE. (ANSWER A - ADVANTAGE / B - DISADVANTAGE) For example: 1. A 2.B 3.A