Experts Are Increasingly Sounding a Warning About Mounting Credit Card

question 63

Multiple Choice

Experts are increasingly sounding a warning about mounting credit card debt. Given that, which of the following would be an unwise strategy for a credit card company?

• A) Making sure the company's credit card rules are clear and easy-to-understand
• B) Charging the same interest rate as other credit card companies
• C) Ensuring that fees for exceeding credit limits are no higher than necessary
• D) Increasing the value of the promotional items that are used to attract new credit card customers
• E) Offering free debt counselling to credit card customers

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Definitions:

Employment Needs

The requirements of an organization for staffing, including the number and types of employees required to fulfill its objectives.

Crowdsourcing

The act of a company or institution taking a function once performed by employees and outsourcing it to an undefined (and generally large) network of people in the form of an open call.

Resources Requirements

The specific needs for materials, human capital, and financial assets necessary to carry out an operation or project.

Demographic Impacts

The effects that changes in the demographic profile of a population have on various societal elements, including the workforce, economy, and consumer trends.