If You Do Not Pay for Products or Services Purchased

question 11

Multiple Choice

If you do not pay for products or services purchased on credit,then all of the following can occur,except:

• A)Merchandise can be repossessed.
• B)You can develop a good relationship with creditors.
• C)A business can sue to recover the cost of the product or service.
• D)Your credit score can be lowered to reflect late or missed payments.
• E)The cost of additional credit may be higher.

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Definitions:

ROM

Stands for Read-Only Memory, a type of non-volatile memory used in computers and electronic devices to store firmware or application software in a way that is not easily modified.

RAM

Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing data temporarily during operations.

Operating System

The software that manages a computer's hardware resources and provides common services for computer programs.

BIOS

Basic Input/Output System, firmware used to initialize hardware during the booting process and provide runtime services for operating systems.