Credit Cards Are Usually Based on ____ Account System

question 51

Multiple Choice

Credit cards are usually based on ____ account system.

• A) an open charge
• B) an installment
• C) a revolving
• D) a selective

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Definitions:

Automation

The technology by which a process or procedure is performed without human assistance.

Low-Cost Leadership

A competitive strategy where a company becomes the most cost-efficient producer in its industry, often allowing for lower pricing to customers.

Chemical Waste

Waste that is made from harmful chemicals and is often a by-product of manufacturing processes, laboratory experiments, and cleanup operations.

Research and Development

The iterative process of systematic work aimed at increasing knowledge to develop new products or improve existing ones.