Which of the Following Is Not True About Annual Fees

question 75

Multiple Choice

Which of the following is not true about annual fees on credit cards?

• A)The fees are the same on all credit cards
• B)The fees may be high,up to $70 per year
• C)Many cards do not have annual fees
• D)Some cards may waive the fees for individuals who pay their credit card bills in a timely manner

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Definitions:

Organizations

Groups of people who come together to pursue common goals, typically structured and managed through established processes and hierarchies.

Level of Incompetence

a concept from the Peter Principle stating that employees tend to be promoted until they reach a position at which they are no longer competent.

Developing People

The process of enhancing an individual's skills, knowledge, and competencies through education, training, and mentorship.

Work Assignments

Specific tasks or responsibilities assigned to employees as part of their job roles.