Which of the Following Is a Disadvantage When a Business

question 148

Multiple Choice

Which of the following is a disadvantage when a business accepts credit cards or debit cards from customers?

• A) The business bears the responsibility of collecting cash from the customer.
• B) The business bears the risk of nonpayment by the customer.
• C) The business pays a processing fee.
• D) The business checks customers' credit ratings.

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Definitions:

Human Capital

The set of skills, knowledge, abilities, and attributes that individuals can use to create economic value.

College Tuition

The charge or fee for instruction at a college, university, or similar educational institution.

Tangible Capital

consists of physical assets like machinery, buildings, and vehicles that are used in the production of goods or services.

Goodwill

The intangible asset that arises as a result of the acquisition of one company by another for a premium value, representing aspects like brand, customer base, and reputation.