Personal Credit Cards Have Proven to Be a Source of Financing

question 51

Multiple Choice

Personal credit cards have proven to be a source of financing for startup firms for all of the following reasons except :

• A)credit card debt is not based on the firm's ability to repay, but rather the individual cardholder's ability to repay
• B)teaser rates afford initial low cost borrowing
• C)balance transfers occur at below-prime rates
• D)credit card debt can create problems if the firm doesn't generate cash flows to cover credit card payments once low introductory rates expire

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Definitions:

Social Projects

Initiatives or programs aimed at improving societal conditions, often targeting social issues such as poverty, education, or health.

Micro-Level

refers to a small-scale perspective in social science that focuses on individual or small group dynamics, often in contrast to macro-level analyses of larger social structures.

Microaggressions

Subtle, often unintentional, behaviors or comments that belittle or alienate members of marginalized groups.

Color-Blind Ideology

An approach to social interaction and policy that ignores racial characteristics and advocates for treating all individuals equally, without regard to race.