Credit Cards Do Not Remove the Risk of Bad Debts

question 79

True/False

Credit cards do not remove the risk of bad debts to the business accepting payment by credit card.

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Definitions:

Confirmation Bias

The human tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Memorable Events Error

A cognitive bias that occurs when memorable or significant events are more easily recalled than ordinary events, skewing perception and decision-making.

Knowledge Requires

The necessity of certain conditions or elements to possess understanding or awareness about something.

Evidence

The available body of facts or information indicating whether a belief or proposition is true or valid.