Which of the Following Is Not True About Annual Fees

question 89

Multiple Choice

Which of the following is not true about annual fees on credit cards?

• A) The fees are the same on all credit cards.
• B) The fees may be high, amounting to several hundred dollars per year for some prestige cards.
• C) Many cards do not have annual fees.
• D) Some cards may waive the fees for individuals who pay their credit card bills in a timely manner.

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Definitions:

Protective Legislation

Refers to laws and regulations put in place to ensure the safety, health, and welfare of workers in the workplace.

Union Representation

The process by which a union serves as the intermediary in negotiations between its members and their employer, defending the interests of the workforce.

Employee Empowerment

A management philosophy focused on giving employees the tools, resources, and autonomy to take initiative and make decisions in their roles.

Employment Relationship

The legal link between employers and employees that arises when a person performs work or services under certain conditions in return for remuneration.