All of the Following Are Correct Statements About Credit, Except

question 88

Multiple Choice

All of the following are correct statements about credit, except

• A) the creditor provides funds.
• B) credit needs to be paid back in the future.
• C) credit repayment will include interest.
• D) the interest is the total amount to be repaid.

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Definitions:

Functional Structure

An organization structure that groups together people with similar skills who perform similar tasks.

Organization Chart

A visual diagram that represents the structure of an organization, depicting the roles, responsibilities, and relationships between individuals within it.

Higher Level

Pertains to a more advanced or complex stage, position, or category, often implying greater importance or significance.

Informal Networks

The unofficial and often unseen interactions and relationships that exist within an organization, facilitating the flow of information and influence.