Which of the Following Is an Advantage of Using Credit

question 29

Multiple Choice

Which of the following is an advantage of using credit?

• A)It increases the need to cover cash flow shortages.
• B)It increases the number of cheques written.
• C)It does not affect your cash flow statement.
• D)It reduces the need to carry cash.

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Definitions:

Public/Private Model

A cooperative arrangement between public and private sectors, often seen in service delivery, funding, and project execution.

Economic Gain

The increase in financial wealth, resources, or potential for wealth, often resulting from business or investment activities.

Critics

Individuals who evaluate, analyze, and sometimes challenge or question things such as art, literature, policies, or performances.

Competence

The ability of an individual to do a job properly, including their knowledge, skills, and experience.