Which of the Following Is NOT One of the Benefits

question 110

Multiple Choice

Which of the following is NOT one of the benefits of a business accepting credit cards from their customers?

• A)The business earns a higher profit on credit card sales than cash sales.
• B)The business can attract more customers and more sales.
• C)The business does not have to check the credit ratings of customers.
• D)The business doesn't take the risk of the customer failing to pay.

---

Definitions:

Financial Statements

Formal records of the financial activities and position of a business, institution, or individual, typically comprising the balance sheet, income statement, and cash flow statement.

Exchange of Assets

A transaction where companies swap ownership of assets without the use of cash, often to achieve operational efficiencies or strategic objectives.

Fair Value

is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Replacement Value

The cost to replace an asset with another of similar function and efficiency.