Which of the Following Is Not an Advantage of Accepting

question 21

Multiple Choice

Which of the following is not an advantage of accepting credit cards from retail customers?

• A)The acceptance of credit cards tends to increase sales.
• B)The credit card company performs credit worthiness assessments.
• C)There are fees charged for the privilege of accepting credit cards.
• D)The credit card company assumes the cost of slow collections and write-offs.

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Definitions:

Ethnicity

A category of people who identify with each other based on shared cultural, linguistic, or ancestral characteristics.

Socioeconomic Status

An individual’s or group’s position within a hierarchical social structure, determined by factors such as income, education, and occupation.

Susto

A cultural illness primarily found in Latin American communities, characterized by chronic somatic suffering stemming from a traumatic event perceived as frightening.

Institutionalized Racism

Systemic policies, practices, or procedures in societal institutions that disadvantage certain racial groups.