Which One of the Following Is Not a Warning Sign

question 11

Multiple Choice

Which one of the following is not a warning sign that you might be getting into credit card trouble?

• A)paying off your credit card balance off each month
• B)using your credit card to pay for small purchases
• C)taking advantage of the cash advance feature
• D)using a large number of credit cards
• E)using the cash advance feature of one credit card to occasionally pay the monthly payment on another credit card

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Definitions:

Total Variable Costs

The sum of expenses that vary directly with the level of production or output, including costs like materials and labor.

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of output or production volume.

Total Costs

The overall expenditure involved in producing goods or offering services, comprising both stable and changeable costs.

Economies of Scale

The cost advantage achieved when production becomes efficient, as the scale of production increases, leading to a reduction in the average cost to make each unit.