Credit Is Convenient Because

question 54

Multiple Choice

Credit is convenient because

• A)it becomes much easier to save.
• B)large purchases will not generate any more interest charges.
• C)credit purchases for on sale items increase your cash flow.
• D)it reduces the need to carry cash and write a lot of cheques.

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Definitions:

Department

A specialized functional area within an organization that focuses on specific operations or responsibilities.

Net Income

The total profit of a company after all expenses, including taxes and costs, have been deducted from total revenue, indicating the company's profitability.

Expenses

Costs incurred in the process of generating revenue, representing the value of resources used up or consumed.

Building Expenses

Costs associated with the operation, maintenance, and repair of a building.