_____ Is a Benefit of Borrowing

question 7

Multiple Choice

_____ is a benefit of borrowing.

• A) The ability to buy expensive goods while spreading the payments over time
• B) Providing payments that fit into a budget
• C) Meeting a financial emergency
• D) Being able to purchase goods and services when checks are not acceptable
• E) All of these are benefits

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Definitions:

Managers

Individuals in an organization responsible for directing and overseeing the work of employees and ensuring that organizational goals are met.

Confidence

Confidence is the belief in one's abilities, qualities, and judgment, often leading to higher performance, resilience, and willingness to tackle challenges.

Intelligence

The ability to acquire knowledge, think abstractly, understand complex ideas, and adapt to environmental challenges.

Biases

Refers to a tendency to lean in a certain direction, either in favor of or against a particular thing, often in a way that is considered unfair.