_____ Is a Benefit of Using Credit Cards

question 20

Multiple Choice

_____ is a benefit of using credit cards.

• A)Being able to increase disposable income
• B)Being able to provide payments for living beyond one's means
• C)Being able to make impulse purchases
• D)Greater affordability for a luxurious lifestyle
• E)Being able to meet a financial emergency

Understand the basic components and functions of computers and mobile devices.

Comprehend digital literacy and its importance.

Identify different types of computers and their intended use cases.

Recognize the role and impact of technology in accessing and managing information.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting that includes the details, complexities, and legalities of business and corporate accounting.

Intangible Assets

Intangible assets are non-physical assets having a useful life greater than one year, such as patents, trademarks, and goodwill, that a company owns and can create economic benefit.

IFRS

International Financial Reporting Standards, a set of global accounting standards for financial reporting.

U.S. GAAP

United States Generally Accepted Accounting Principles, which are a set of rules and standards for financial reporting.