Which of the Following Will Lead to a Poor Credit

question 20

Multiple Choice

Which of the following will lead to a poor credit rating?

• A)Opening checking and savings accounts
• B)Opening and using a charge account
• C)Applying for a long-term loan and occasionally being late with a payment
• D)Making payments ahead of schedule
• E)Discussing with the lender if you foresee difficulty in making a payment

Recognize the various methods of depreciation and the factors affecting their selection.

Calculate depreciation using different methods such as double-declining-balance, straight-line, and units-of-production.

Identify the impact of residual value and useful life on the depreciation process.

Analyze the effects of depreciation on financial statements and asset valuation.

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Definitions:

Informational Objectives

Goals set to increase the awareness or deepen the understanding of a specific topic or issue among a target audience.

Food Lion Feeds

A charitable initiative by the grocery store chain Food Lion, aimed at addressing hunger and food insecurity by donating meals to those in need.

Talent Recruitment

The process of identifying, attracting, and hiring individuals with the necessary skills and attributes for organizational roles.

CSR

Corporate Social Responsibility (CSR) refers to a company's initiatives to assess and take responsibility for its impacts on environmental and social wellbeing, often going beyond what might be required by regulators or environmental protection groups.