A Benefit of Using Credit Cards Is That They

question 215

Multiple Choice

A benefit of using credit cards is that they

• A) have lower interest rates than other forms of credit.
• B) provide a record that makes it possible to keep track of purchases easily.
• C) help consumers be more disciplined when it comes to spending decisions.
• D) allow the consumer to spread out payments and reduce overall costs.

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Definitions:

Top Management

The highest level of managerial staff responsible for setting strategic goals and leading an organization.

Strategic Plan

A Strategic Plan is a company's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people.

Financial Consequences

The economic effects or outcomes that result from financial decisions or actions, which can affect an individual's or organization's financial health.

Operating Activities

The day-to-day actions of producing, selling, and delivering a company's products or services, which are reflected in its cash flow.