Which of the Following Is a Disadvantage of Accepting Credit

question 116

Multiple Choice

Which of the following is a disadvantage of accepting credit cards or debit cards for a business?

• A)It will have to bear the responsibility of collecting money from the customer.
• B)It will have to bear the risk of nonpayment.
• C)It will have to pay a certain amount as processing fee.
• D)It will have to check the credit ratings of customers.

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Definitions:

Genus

In biology, a rank in the classification hierarchy that is above species and below family, grouping together species that share common characteristics.

Species

A grouping of life forms with similar traits capable of genetic interchange or breeding together.

Organizational Scheme

A structured framework or plan that outlines how certain tasks, information, or elements are arranged and managed within an organization or system.

Organizational Scheme

A structured and systematic plan of arrangement used within an organization to ensure smooth operations and management of resources.