In Comparing Credit Cards to Other Forms of Credit, Which

question 105

Multiple Choice

In comparing credit cards to other forms of credit, which of the following is true?

• A) Credit cards are generally the most expensive form of credit.
• B) You should invest funds before paying off your credit cards.
• C) It is prudent to borrow from some cards to pay off other credit cards.
• D) All of the above.

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Definitions:

Nonprogrammed Decision

This type of decision is made in response to situations that are unique, are poorly defined and largely unstructured, and have important consequences for the organization.

Reordering

The process of ordering additional stock to replenish inventory before it runs out.

Office Supplies

Items used in offices for daily operations, including paper, pens, computers, and furniture.