Which of the Following Is True of Credit Cards

question 60

Multiple Choice

Which of the following is true of credit cards?

• A) They are a cheaper way to finance your education.
• B) They are an efficient way to keep track of purchases.
• C) They are an effective way of controlling the amount of debt the consumer incurs.
• D) They are less convenient than carrying cash or writing a check.

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Definitions:

Attributional Style

An individual's habitual way of explaining events, which can influence their motivation, mood, and reactions to situations.

Productivity Decreases

A reduction in the rate at which goods or services are produced, especially in relation to the effort, resources, or costs involved.

Group Size

Refers to the number of individuals forming a team or a collective.

Piece Rate Pay Systems

Compensation structures where employees are paid a fixed rate for each unit of production completed, often used to incentivize higher productivity.