Which of the Following Is Not an Advantage of Accepting

question 21

Multiple Choice

Which of the following is not an advantage of accepting credit cards from retail customers?

• A)The acceptance of credit cards tends to increase sales.
• B)The credit card company performs credit worthiness assessments.
• C)There are fees charged for the privilege of accepting credit cards.
• D)The credit card company assumes the cost of slow collections and write-offs.

---

Definitions:

Firm Offer

A binding proposal to sell or buy goods that holds the offering party to its terms for a certain period.

Merchant

An individual or company engaged in the business of buying and selling goods for profit.

Misprint

An error in printing that results in incorrect text, images, or formatting being produced.

Promissory Estoppel

A legal principle that prevents a promisor from retracting a promise when the promisee has reasonably relied on the promise to their detriment.