The student loan debt has the highest consumer debt balance.
Below is an explanation about student loan debt.
<h3>What is Student Loan debt</h3>
Student debt is a type of debt that is owed by a current student, a formerly withdrawn student or graduated student to a lending institution, or to a financial institution
This type of loan has the highest consumer debt balance.
Lean more about types of debt at brainly.com/question/2754850
A relatively inexpensive item that merits little shopping effort, is called Convenience product.
<h3>
What is the Product?</h3><h3>
</h3>
Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.
Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.
In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.
Learn more about Convenience product here:
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Answer:
Cumulative voting
Explanation:
Cumulative voting - in this type of voting system sole right is given to shareholder who is in minority to elect their director. this system permit shareholder to cast all their vote for any single nominee for board of directors.
while in regular voting system no permission is granted to anyone to cast more than one vote.
example - for four member and 500 holding share , maximum vote than can cast is 500 (one vote for one share) in normal voting but in cumulative maximum that can cast is 2000 votes
