What is the worst thing that could happen to small business owners who use credit cards as a source of financing?

Question

Quizplus · Accepted Answer

The worst thing that could happen to small business owners who use credit cards as a source of financing is that they might spend more than they can afford to pay back. This can lead to high-interest charges, late fees, and damage to their credit score. It can also put the business at risk of bankruptcy if the debt becomes unmanageable.

Answer: C
 Small business owners who use personal credit cards for business purchases may be subject to fines and penalties if they are caught. This is because it violates the terms and conditions of most credit card agreements. Additionally, using personal cards for business expenses can make it difficult to track and manage expenses, and can lead to confusion when tax time comes around. Therefore, it is important to use a separate credit card specifically for business expenses.

What Is the Worst Thing That Could Happen to Small