In a credit card agreement, the _____ is the interest expense charged on a credit card.

A. late fee
B. annual fee
C. annual percentage rate
D. surcharge


Answer: C

Business

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The board of directors consists entirely of personal friends of the chief executive officer. This indicates a weakness in

a. the accounting system b. the control environment c. control procedures d. this is not a weakness

Business

Quasi contract are not actual contracts.

Answer the following statement true (T) or false (F)

Business

Encouraging the receiver to respond to your message is an effective way to judge the success of your communication

Indicate whether the statement is true or false

Business

The UCC does not apply to a contract for the sale of goods if the value of the goods is less than $500

a. True b. False Indicate whether the statement is true or false

Business