Credit Cards Should Not Be Considered a Form of Money

question 21

Multiple Choice

Credit cards should not be considered a form of money because

• A)credit cards are not universally accepted.
• B)a credit card can only be used by the cardholder.
• C)they are not a good medium of exchange.
• D)money and credit are fundamentally different.
• E)they are too susceptible to fraud.

Grasp the concept of collective impact and its application in a multi-provider nonprofit context.

Address the connotations and strategic considerations surrounding mergers in the nonprofit sector.

Analyze the shift from program innovation to program management in service delivery models.

Evaluate the role of volunteer emotions and other subjective factors in organizational decisions such as mergers.

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Definitions:

Operating Activities

Day-to-day actions that a company takes in conducting its business, such as selling products, managing costs, and paying wages.

Net Income

The total profit or loss of a company after all revenues and expenses have been accounted for, also known as net earnings.

Indirect Method

A method for preparing the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital to calculate net cash from operating activities.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of an entity, typically involving the inflow of cash from investors or banks.