All of the Following Are Useful Ways to Build a Strong

question 152

Multiple Choice

All of the following are useful ways to build a strong credit rating except

• A)Open checking and savings accounts.
• B)Open and use a charge account.
• C)Apply for a long-term loan and occasionally be late with a payment.
• D)Make payments on time.
• E)Talk with the lender if you foresee difficulty in making a payment.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at different prices.

Equilibrium

A state in a market where supply equals demand, and there is no external pressure for the situation to change, resulting in a stable market condition.

Supply and Demand

The basic economic principle describing the interplay between the availability of a good or service (supply) and the desire for that good or service (demand).

Organizational Life

Refers to the existence, evolution, and functioning of organizations, including their culture, structures, processes, and interactions within and with their environment.