Credit Card Use Can Be Good for Your Financial Plan

question 46

True/False

Credit card use can be good for your financial plan if you have budgeted to pay the entire balance when the statement is due.

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Definitions:

Relevant Cost

Costs that should be considered when making decisions because they will be affected by the decision.

Incremental Analysis

The process of evaluating the financial consequences of making changes in business activities, by focusing on the costs and benefits that will change as a result.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use.

Manufacture Further

The process of additional or continued production to create finished goods from raw materials or components.