When obtaining a credit card you should try to obtain
A) the highest maximum limit possible.
B) a maximum limit high enough to cover necessary monthly purchases.
C) a maximum limit high enough to cover anything you might wish to purchase.
D) the lowest maximum limit possible to restrict your usage.
Answer: B
You might also like to view...
Duke Power & Light just spent $10 million to repair one of its electrical grid substations that was heavily damaged by a lightning strike. The loss was not insured.Required:Why would a utility ask the public service commission for approval to treat the $10 million as an asset for rate-making purposes rather than as an allowed expense?
What will be an ideal response?
A ______ has a small number of members, with shared leadership, who perform independent jobs with individual and group accountability, evaluation, and rewards.
a. department b. team c. group d. committee
What do principle-based, ethical frameworks address?
What will be an ideal response?
A significant disadvantage of the payback period is that it
A) is complicated to explain. B) does not properly consider the time value of money. C) increases firm risk. D) provides a measure of liquidity.