Handyman Hardware, a Small Community-Based Store, Offers Its Consumers the Option

question 99

Multiple Choice

Handyman Hardware, a small community-based store, offers its consumers the option of using credit.Creditworthy individuals are able to use the "HH Credit Card" for all purchases up to a credit limit of R1 000.Consumers are required to pay at least 20 per cent of their outstanding balance at the end of each month.A 2 per cent finance charge is assessed on the unpaid balance at the end of each billing cycle.Handyman Hardware is employing ____ in its business.

• A)open charge accounts
• B)instalment accounts
• C)revolving charge accounts
• D)selective accounts

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Definitions:

Career Ladders

Structured sequences of job positions through which an individual can progress within an organization, typically associated with increased responsibility and rewards.

Functional Departmentation

The process of organizing an organization's structure based on specialized functions such as marketing, finance, and operations.

Functional Departmentation

The process of organizing an organization's structure based on specialized functions or tasks such as marketing, finance, or operations.

Coordination

The method of coordinating individuals or teams to ensure they collaborate effectively and efficiently.