The Best Way You Can Begin to Improve Your Credit

question 74

Multiple Choice

The best way you can begin to improve your credit score is

• A)by using one credit card to pay off another.
• B)by paying off the highest-interest creditor first.
• C)by applying for more credit.
• D)by making the expected payments on time.

Perform incremental analysis for making financial decisions between different plans.

Identify and differentiate various types of costs, including sunk, incremental, opportunity, and variable costs.

Evaluate make-or-buy decisions considering opportunity costs and total cost implications.

Assess the relevance of specific costs and revenue factors in segment elimination and make-or-buy decisions.

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Definitions:

$6 Per Box

A set price of six dollars for each box of a certain item or product.

Ten Years

This term refers to a period or duration of ten consecutive years.

Index Number

A numerical indicator that reveals variations in a single variable or a collection of variables across a period.

Sales Increased

An upward trend in the quantity or volume of goods or services sold by a business within a particular time frame.