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11111nata11111 [884]
3 years ago
8

What does a person need if he or she is not able to pay for a planned purchase in full with a check or cash? A. a credit card B.

a good credit score C. a long-term loan from a bank D. an interest-free loan from a credit union
Business
1 answer:
Gennadij [26K]3 years ago
8 0

Answer:

C. a long-term loan from a bank

Explanation:

A loan or credit facility is suitable when a person is unable to pay in cash or by check. Lenders such as banks and credit unions offer credit facilities to their customers. These institutions charge  interest on loans advanced.

When planning for a capital intensive purchase, a long term bank loan is suitable. Banks can extend credit facilities for huge amounts of money. The monthly repayments and interest rates for a long-term loan are usually low, making it affordable to many borrowers.

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7 0
3 years ago
Domestic strategy reflects the choices a firm's executives make with respect to sourcing and selling its
OlgaM077 [116]

Answer:

True.

Explanation:

True. The given statement is true because the domestic strategy refers to the strategy of a company to expand its business and find the new market for their products. So, the new market can be found by internationalizing the goods by the firm. Moreover, early-stage firms focus on the domestic market but as their business grows or production increases then it starts selling its goods and services in foreign markets.

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3 years ago
A card from a 52 card deck is lost. We then draw 2 cards from the 51 remaining cards. What is the probability they are both diam
Nonamiya [84]

Answer:

\frac{1}{17}

Explanation:

Let D be the event that the lost card is a diamond

and D' be the event that the lost card is a non diamond

Therefore,

P(D) = \frac{13}{52} = 0.25

P(D') = \frac{39}{52} = 0.75

Now,

Event that the cards picked up are both diamonds = A

Thus,

P( A | D) = \frac{12}{51 }\times\frac{11}{50}               [ As One Diamond Card is lost ]

And,

P(A | D') = \frac{13}{51}\times\frac{12}{50}                [ As One Non-Diamond card is lost ]

Therefore,

P(A) = P(D) × P(A | D) + P(D') × P( A | D')  

= 0.25 × \frac{12}{51 }\times\frac{11}{50}  + 0.75 ×  \frac{13}{51}\times\frac{12}{50}

= \frac{1}{17}

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3 years ago
Economics is the study of choices people make in an effort to satisfy their wants and needs given scarcity.
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3 years ago
_____________ is the act of obtaining a desired object from someone by offering something in return.
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Exchange

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8 0
3 years ago
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