Perhaps the Greatest Disadvantage of Credit Use Is the

question 35

Multiple Choice

Perhaps the greatest disadvantage of credit use is the

• A)loss of financial flexibility in personal money management.
• B)risk of overspending.
• C)reduction in future buying power due to finance charges.
• D)possibility of getting a poor credit reputation.

---

Definitions:

Merit Pay

Additional compensation provided to employees based on their job performance, highlighting the value of high performance and excellence.

Performance Appraisals

Formal assessments and reviews of an employee's work performance over a specific period, used to determine areas of improvement and inform decisions on promotions, bonuses, and training needs.

Organizations' Profits

The financial gain that an organization achieves after deducting the expenses, costs, and taxes necessary to sustain its operations.

Stock Price

The cost of purchasing a share of a company, which fluctuates based on market conditions, company performance, and investor perceptions.