Several Companies,some of Them Operating Through the Internet,offer "Paycheck Advances

question 35

Multiple Choice

Several companies,some of them operating through the Internet,offer "paycheck advances." Consumers are encouraged to take out a loan against a paycheck they expect to receive in the near future.These short- term loans with high- interest rates,and high penalties for late payments,are often marketed to consumers who do not have traditional bank accounts.These companies could most easily be criticized for which of the following?

• A)shoddy products
• B)high- pressure selling
• C)poor service to disadvantaged consumers
• D)excessive markups
• E)high advertising and promotion costs

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Definitions:

Actual Self

A concept referring to one's perception of their own attributes, abilities, and attitudes as they are currently.

Depression

A mental health disorder characterized by persistent sadness, loss of interest, and a lack of motivation, affecting daily life.

Self-relevant Schemas

Cognitive structures that organize and guide the processing of self-related information.

Self-discrepancy Theory

A psychological theory explaining how differences between an individual's actual self, ideal self, and ought self affect emotional states.