4. List and discuss five key ideas of the Tanpin Kanri business approach and explain how companies and organizations outside of the retail industry, specifically using universities as an industry example (higher education), could learn from this approach.

A is correct answer. The minimum payment is the smallest amount you can pay to your credit card company without having to make extra payments or incur extra charges. It is calculated based on the interest rate and the amount you borrowed. However, as the amount you are repaying decreases, so does the minimum payment, so you always end up only paying off a small portion of the total debt.