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abruzzese [7]
3 years ago
11

Which of the following is a common risk of using credit to make purchases

Business
1 answer:
DochEvi [55]3 years ago
6 0

Answer:

overspending

Explanation:

Credit purchases encourage one to spend more than they can afford. The fact that the sellers do not demand cash when goods change hands entices people to buy more. In credit purchases, cash is not required, only a commitment to pay later, which leads to overspending.

Overspending increases the probability of defaulting on credit payments. When the debt to income level rises too much, the borrower may be forced to miss some installment payments and cater to basic needs.

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Is it possible that a person might be an effective leader in one situation but not in another
amid [387]

Yes, effective leadership involves chosing the right style for the situation. Every leadership situation has different variables and followers. Think of a coach that fails with one team and wins with another.

6 0
4 years ago
Sobota Corporation has provided the following partial listing of costs incurred during August: Marketing salaries $ 51,600 Prope
horrorfan [7]

Answer:

Product costs= $259,700

Explanation:

Giving the following information:

Direct materials $ 168,800

Direct labor $ 90,900

<u>The product costs are all expenses directly involved in the production. It generally involves the prime costs (direct material and direct labor).</u>

<u />

Product costs= direct material + direct labor

Product costs= 168,800 + 90,900

Product costs= $259,700

7 0
3 years ago
Economics is the study of how individuals and societies make choices under the condition of:.
Lubov Fominskaja [6]

Economics is the study of how individuals and societies make choices under the condition of scarcity.

<h3>What is economics?</h3>

The study of how individuals use resources and respond to incentives  by using it  in  decision-making is known as Economics. It is a vast study that helps us comprehend past trends, analyze current headlines, and forecast future events.

It signifies that the price of the product or service exceeds the supply of that product or service. As a result, scarcity might limit the options available to customers, who make up the economy in the end.

       

Individuals, organizations, and governments all use economics to understand their behaviors and decisions. It gives people a way to comprehend how people interact in a market-driven society and to analyze how government policies affect them.

Learn more about Economics, here:

brainly.com/question/14355320

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7 0
2 years ago
Read 2 more answers
If a society wants to get the most out of the available resources, money should be spent on pollution control​ (A)​ until pollut
Ksju [112]

Answer: Option C  

           

Explanation: The maximum amount of money that a consumer is willing to pay for having an additional unit of a good or service is called the marginal benefit. Whereas, marginal cost refers to the increase in total cost when one more unit of output is produced.

In the given case, we want to use the available resources at their best, therefore, the money on pollution control should be spent only until the benefit of spending one more dollar is greater than the cost of doing so.

Hence, the correct option is C.

5 0
3 years ago
Which factor places this nation in the transitioning<br> category?
lys-0071 [83]

Answer: B. It is shifting from a planned to a free-market economy.

Explanation:

5 0
3 years ago
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