The Best Way to Maintain Your Credit Standing Is To

question 151

Multiple Choice

The best way to maintain your credit standing is to:

• A)use credit sparingly.
• B)pay cash for your purchases.
• C)repay your debts on time.
• D)declare a Chapter 7 bankruptcy.
• E)use as many credit cards as you can.

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Definitions:

Fine

A monetary charge imposed as a punishment for a violation or offense.

Malpractice Claims

Legal claims made against healthcare providers when it is alleged that a patient was harmed due to professional negligence or failure to provide adequate care.

Risk Management

The process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize, monitor, and control the impact of unforeseen events.

Documentation

The process of recording information or evidence systematically, often for legal, medical, or business purposes.