All of the Following Are Potential Benefits of Using Credit

question 52

Multiple Choice

All of the following are potential benefits of using credit cards to obtain funds for starting a business EXCEPT ________.

• A) credit card funds are obtained quickly
• B) credit cards have low interest rates on unpaid balances
• C) credit cards may have a zero-percent interest rate
• D) credit cards are convenient to use
• E) credit card balances can be paid off monthly

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Definitions:

Multi-Directional Nature

The concept that development or change can occur in many different directions and is not linear.

Evolutionary Theory

A scientific theory that explains the diversity of life on Earth through the process of natural selection, where organisms adapt to their environment over generations.

Socioeconomic Status

An individual or group's economic and social position in relation to others, based on income, education, and occupation.

Shared Beliefs

Common or mutual ideas, values, or convictions held by a group, contributing to its cultural or social identity.