Explain the difference between good debt and bad debt, and give an example of each
What will be an ideal response?
Answer: Good debt is something obtained for a long-range, strategic purpose. One example is student loans for college. Bad debt is unnecessary purchases on credit, such as concert tickets or expensive clothes.
Explanation: Good debt is debt incurred for a strategic, long-range purpose that will improve one's life, such as a loan for college or a home mortgage. Bad debt is for frivolous purchases with no long-range value or potential to improve one's life.
You might also like to view...
A sociological approach for explaining the life and death of an organization is called ______.
A. necrosis B. dissolution C. isomorphism D. population ecology
The distribution of earnings by a firm to stockholders by buying shares of its stock in the financial markets is known as a _____.?
A. ?stock dividend B. ?stock split C. ?stock ratio D. ?stock repurchase E. ?stock effect
A company is planning sales promotion aimed at its consumers and distributors. What should the company do to effectively run its sales promotion?
A. The company should hire outside consultants who are specialists in sales promotion to manage the task. B. The company should ask its sales or advertising managers to take the responsibility of sales promotion as well. C. The company should hire a recent business graduate, with no work experience, to manage its sales promotion. D. The company should target trade shows and price deals at its own sales force and training materials at its final consumers. E. The company should set objectives and policies of the sales promotion independent of the entire marketing strategy.
Which of the following statements is true about association discovery?
A) It is a technique used to find correlations among sets of items. B) It is the process of grouping related records together on the basis of having similar values for attributes. C) It is the use of analytical techniques for extracting information from textual documents. D) It is a type of intelligent system that uses reasoning methods based on knowledge about a specific problem domain in order to provide advice. E) It makes sure that each table contains only attributes that are related to an entity.