Which of the Following Is Not an Advantage of Accepting

question 77

Multiple Choice

Which of the following is not an advantage of accepting credit cards from retail customers?

• A)The acceptance of credit cards tends to increase sales.
• B)There are fees charged for the privilege of accepting credit cards.
• C)The credit card company performs credit worthiness assessments.
• D)The credit card company assumes the cost of slow collections and write-offs.

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Definitions:

Fiduciary Obligations

Duties imposed on individuals who manage another person's assets or interests, requiring them to act in the best interest of the beneficiary with loyalty and care.

Employment Contract

An agreement between an employer and an employee that specifies the terms and conditions of employment, including duties, salary, and duration.

Just Cause

A legal standard that must be met to justify certain actions, such as the termination of employment, indicating a valid and lawful reason.

Reasonable Notice

Notification given within a sufficient time frame, allowing individuals or parties to prepare or respond appropriately to an action or decision.