Which of the Following Is an Advantage of Using Credit

question 29

Multiple Choice

Which of the following is an advantage of using credit?

• A)It increases the need to cover cash flow shortages.
• B)It increases the number of cheques written.
• C)It does not affect your cash flow statement.
• D)It reduces the need to carry cash.

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Definitions:

Paid Suggestion Systems

Organizational programs that financially reward employees for submitting constructive proposals aimed at improving operations, products, or services.

Sharing Information

The act or process of making data, knowledge, or insights available to others within an organization or a community.

Congruence

A state of agreement or harmony between individuals, actions, values, or organizational components.

Organization's Members

Individuals who belong to and contribute to a collective entity, such as a company or society, through their roles, responsibilities, and efforts.