Credit Cards Date Back to

question 96

Multiple Choice

Credit cards date back to

• A)prior to the second World War.
• B)just after the second World War.
• C)the early 1950s.
• D)the late 1950s.

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Definitions:

Straight-line Method

An accounting method of depreciating fixed assets where the asset's cost is evenly distributed over its useful life to allocate the expense of the asset over its lifespan.

Earnings Per Share

A measure of a company's profitability, calculated as net income divided by the number of outstanding shares.

Financing Plans

Strategies developed by a business to manage its financial resources, including how to raise and allocate capital.

Income Tax

A government levy imposed on individuals or entities' income, varying widely by country, income level, and type of income.