Using Personal Credit Cards for Business Expenses Is a Good

question 123

True/False

Using personal credit cards for business expenses is a good option for entrepreneurs.

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Definitions:

Withdraw

To remove something from consideration or usage, or to take money out of a bank account.

Invest Enough Money

The process of allocating adequate financial resources to opportunities, projects, or assets to achieve desired outcomes or returns.

Net Present Value Analysis

A method used in capital budgeting to evaluate the profitability of an investment or project by computing the present values of all cash flows related to it.

Cash Flows

The total amount of money being transferred into and out of a business, especially as affecting liquidity.