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:

Nonverbal Communication

The process of conveying a message without the use of words, through gestures, facial expressions, and body language.

Personal Conversation

A private discussion between two or more people where personal information or opinions are exchanged.

Acceptable Space

A term that might refer to an area or environment that meets certain criteria or standards deemed satisfactory or permissible.

Adaptive Coping Skill

Strategies and techniques that individuals develop and use to effectively deal with stress, challenges, or hardships.