A Credit Arrangement That Has No Extra Costs and No

question 41

Multiple Choice

A credit arrangement that has no extra costs and no specific repayment plan is called

• A)installment sales credit.
• B)incidental credit.
• C)line of credit.
• D)single lump-sum credit.
• E)revolving check credit.

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Definitions:

Central Nervous System

The part of the nervous system that consists of the brain and the spinal cord, crucial for processing and transmitting information.

Conglomerate Mergers

The combination or acquisition of companies operating in unrelated business activities, diversifying business interests and reducing risk.

Horizontal Mergers

A business strategy where companies operating in the same industry or producing similar products merge their operations.

Interlocking Directorates

A situation where members of a company's board of directors serve on the boards of multiple companies, often leading to conflicts of interest or collusion.