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pshichka [43]
2 years ago
15

From the statements below, identify the way or ways in which making only minimum monthly payments on a long-term credit purchase

can be a disadvantage. I. It is illegal to make only the minimum payments for more than one year. II. Repeatedly making minimum payments harms your credit score. III. The total cost is higher if the length of the debt is longer. A. I and II b. II only c. I and III d. II and III Please select the best answer from the choices provided A B C D.
Business
2 answers:
Fudgin [204]2 years ago
5 0

The long-term period is considered when an interest-free duration stays between 1 year and 14 months or more prolonged. This is useful if a person is making a major purchase through the EMI process.

<h3>What is the EMI process?</h3>

The EMI stated the equated monthly installments. It is a fixed payment created by a recipient to an investor on a stipulated date of every month.

This process is mainly used to require extra time to pay the full payment in installments without investment interest.

If the purchase is made through an EMI process, the borrower must pay overmuch interest, which is a considerable burden or disadvantage of a loan that is based on EMI.

Likewise, if a borrower always makes the tiniest payments, as a result, his credit score would suffer.

Therefore, option D is correct.

To learn more about the EMI process, refer to:

brainly.com/question/10338482

N76 [4]2 years ago
4 0

If an interest-free period lasts between 12 and 14 months or longer, it is considered long-term. This is useful if you are making a major purchase and need extra time to pay it off without incurring interest.

<h3>what is the EMI process?</h3>

In the case of an EMI-based purchase or loan, the more you pay, the more times you pay.

If we make more payments or installments during the EMI process, we must pay more interest, which is a significant disadvantage of an EMI-based loan.

Similarly, if we consistently make minimal payments, our credit score would suffer as a result.

As a result, Option "D" is the correct answer.

For more information about long-term credit purchase refer to the link:

brainly.com/question/17211939

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The practice of comparing a company with its prior performance or with best practices from other companies is called A. benchmar
KatRina [158]

Answer:

A. benchmarking

Explanation:

In companies; benchmarking is the good practice as it compares the company's business processes and performance metrics to industry. There are four types of benchmarking which are internal, competitive, functional and generic. Benchmarking always facilitate to seek the best practices of your competitor and learn it to implement or take strategic decisions. Based on the data and information which is derived from benchmarking; company can modified its strategies towards the achievement of objective to excel among competitors.

3 0
3 years ago
Your Economics instructor assigns your class to investigate factors associated with the gross domestic product (GDP) of nations.
emmainna [20.7K]

Answer:

The Correlation analysis “R” is measured to compute the strength of relationship among variables. Moreover, the value of correlation is calculated among -1 to +1. Which implies that if the computed value is near to -1 then there will be strong but negative relation and if near to +1 then it is strong but relation among the variable. However zero is consider as neutral point.  

A. The computed value of correlation is - 0.772. The value identifies that that there is a strong but negative association among the variables (GDP and infant mortality rate).

B. The correlation analysis cannot computed among the variables continent and GDP because "continent" is a categorical variable not quantitative.  

C. The computed value of correlation is higher than 1. Thus, the statement implies that there is a very strong relationship among life expectancy and GDP which is incorrect. As the association cannot be higher than 1.  

D. There is a strong relationship among literacy rate and GDP as the relationship is nearer to 1. Furthermore, the association among literacy rate and GDP doesn’t suggest the causation.

E. The computed correlation among the variables is 0.90. Which indicated that the variables goes up. That is, when the GDP goes down the import is also decrease and when GDP increases the import increases Thus, the there is a positive correlation.

3 0
3 years ago
The channels through which advertising is carried to prospective customers are advertising: Group of answer choices conduits med
viktelen [127]

The channels through which advertising is carried to prospective customers are advertising is: advertising media.

<h3>What is advertising?</h3>

Advertising can be defined as the way of creating product awareness so as to generate sales.

Hence, Advertising media tend to play an important function when it comes to creating product or brand awareness based on the fact advertising media is a channels through which advertising is carried to prospective customers.

The complete question is:

The channels through which advertising is carried to prospective customers; includes newspapers, magazines, radio, television, outdoor advertising, direct mail, social media, and the internet.

Learn more about advertising here:brainly.com/question/1658517

#SPJ1

5 0
1 year ago
A manager checked production records and found that a worker produced 160 units while working 40 hours. In the previous week, th
Murrr4er [49]

Answer:

(A) Current period productivity= 4 units/hr

Previous period productivity= 3.833units/hr

(B) increase in productivity by 4.356 percent

Explanation:

A manager checkedthe rate of production and found out that a worker produced 160 units while working for 40 hours

In the previous week the same worker produced 138 units while working for 36 hours

(A) The current period productivity can be calculated as follows

= 160 units/40 hours

= 4 units/hr

The previous period productivity can be calculated as follows

= 138 units / 36 hours

= 3.833 units/hr

(B) The productivity growth can be calculated as follows

= current period productivity - previous period productivity / previous period productivity

= 4-3.833/3.833

= 0.167/3.833

= 0.04356 × 100

= 4.356 percent

Hence there was an increase in workers productivity by 4.356 percent

5 0
3 years ago
Art likes to invest his spare cash in the stock market. In the past, he has focused on growth stocks and long-term value to take
atroni [7]

Answer:

Explanation:

a

8 0
3 years ago
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