One way to establish credit is to begin with a single store credit card or a single-purpose credit card, such as a gas card

Indicate whether the statement is true or false


TRUE
Explanation: Although establishing a good credit history is important, you do not need to begin with a credit card. Using a single store credit card or a single-purpose credit card responsibly by making occasional purchases and paying your bill in full every month demonstrates your ability to use credit wisely.

Business

You might also like to view...

The following are methods of segmenting consumer markets, except:

A) demographics B) industry size C) psychographics D) generations

Business

Unlike other types of teams, the purpose of work teams is to

A. provide recommendations to managers about important issues. B. help the organization achieve its long-term goals. C. complete managerial tasks. D. take on "one-time" tasks that are generally complex. E. produce goods or provide services.

Business

Identify the first phase in the process of developing a focus group interview.

A. Asking questions including follow-up probing B. Conducting the focus group discussions C. Analyzing and reporting the results D. Conducting content analysis E. Planning the focus group study

Business

Over the past several decades, concern for the environment has

A. been relatively steady because people expect to live in a clean and safe environment. B. increased significantly because pollution became a threat to life and health. C. been carefully handled by businesses because they are the primary source of pollutants. D. become stronger in the United States but not yet in the rest of the world. E. decreased because today's industrialized processes are naturally more environmentally friendly.

Business