The Entry of Sears,AT&T,and GM into the Credit Card Business

question 16

Multiple Choice

The entry of Sears,AT&T,and GM into the credit card business is an indication of

• A) government's efforts to deregulate the provision of financial services.
• B) the rising profitability of credit card operations.
• C) the reduction in costs of credit card operations since 1990.
• D) the sale of unprofitable operations by Bank of America and Citicorp.

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Definitions:

Generosity

The quality of being willing to give money, help, kindness, etc., more than is usual or expected.

Principle Of Need

A social and ethical principle suggesting that resources and assistance should be distributed based on individual needs.

Nonmaleficence

The ethical principle of doing no harm and preventing harm to others.

Beneficence

The ethical principle that emphasizes acting in the best interests of others, promoting good actions and minimizing harm.