Of the Following Statements, Which Is Not an Advantage of Using

question 40

Multiple Choice

Of the following statements, which is not an advantage of using credit?

• A) Using credit wisely creates stability and allows you to establish a favorable credit history.
• B) Buying today and paying tomorrow seems ideal, but continual spending can lead to financial problems.
• C) Using credit is safe since using charge accounts and credit cards when you shop and travel is safer than carrying large amounts of cash.
• D) Credit cards permit the purchase of goods even when cash funds are low.

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Definitions:

Dynamic

Characteristic of processes or systems that are constantly changing or evolving, often requiring adaptive strategies or responses.

Environmental Conditions

The external factors including climate, terrain, and biological factors that influence ecosystems and human activities.

Growth Strategy

A plan of action that outlines how a business intends to expand its operations and customer base, leading to increased revenue.

Merge

The action or process of combining two or more entities into one, often in the context of organizational or business consolidations.