Estimate the Answer by Picking the Best Choice Without Calculating

question 71

Multiple Choice

Estimate the answer by picking the best choice without calculating. If your credit card balance is $912, you make a $50 payment, the APR is 12%, and the interest is calculated according to the previous balance method, then the finance charge is

• A) $8.64
• B) $8.62
• C) $9.12 __________ (Enter A, B, or C )

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Definitions:

Diversification Strategy

A business approach that involves entering into new markets or creating new products to spread risk and depend less on a single market or product line.

Forward Integration

A business strategy where a company controls the distribution or supply chain for its products by moving downstream in the production process, often to get closer to the end consumer.

Acquire Supplier

Acquiring a supplier involves taking over or merging with a company that provides essential goods or services to your business, aiming to streamline operations or secure supply chains.

Growth Strategy

A plan of action designed to increase the size, revenue, market share, or profitability of a business through expansion efforts, product development, market penetration, or acquisition.