The Way to Build Good Credit Is To

question 77

Multiple Choice

The way to build good credit is to:

• A) Secure a credit card, but never use it
• B) Pay off the credit card in full, each month
• C) Purchase unnecessary items
• D) All of the above

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Definitions:

Salaries

Regular payments made to employees for their services, typically expressed as an annual amount but paid in intervals (e.g., monthly or biweekly).

Departmental Personnel

Employees or staff members who work within a specific department of an organization.

Profit Margin

A measure of profitability, calculated as net income divided by revenue, indicating the percentage of revenue that exceeds the costs of goods sold.

Investment Turnover

Investment turnover measures how effectively a company uses its assets to generate sales revenue, indicating the efficiency of asset management.