Jerome Has Three Major Credit Cards and Makes Payments on Them

question 60

Multiple Choice

Jerome has three major credit cards and makes payments on them each month. He has had one of them for six years, another for three years, and the last for eleven months. Making just the minimum payment has become automatic at this point, and Jerome barely even looks at the statements. Jerome is beginning to think that his approach to credit may be faulty, and he wants fo find out how to adjust it. He just applied for two additional credit cards.
-Jerome would be considered a

• A) credit user.
• B) convenience user.
• C) combination credit and convenience user.
• D) T&E card user.
• E) traditional charge account user.

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Definitions:

Nonmanagerial

Pertaining to roles or positions within an organization that do not have supervisory or management responsibilities over others.

Infrequently Purchased

Items or services bought occasionally or rarely, often due to their durability, high cost, or specialized nature.

Personal Selling

The process of interacting one-on-one with someone to provide information that will influence a purchase or action.

Digital Transformation

The process of using digital technologies to create new or modify existing business processes, culture, and customer experiences.