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

question 84

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 cannot afford having traditional bank accounts.For which of the following practices can these companies be most easily criticized?

• A) frequently selling shoddy products
• B) poorly serving disadvantaged consumers
• C) selling through high-pressure methods
• D) placing high costs on advertising and promotion
• E) using predatory pricing tactics

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Definitions:

Peak Experiences

Moments of maximum psychological functioning, where individuals feel a sense of euphoria and deep fulfillment.

Humanist Movement

A philosophical and ethical stance that emphasizes the value and agency of human beings, individually and collectively.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of the self and the individual's potential for growth.

Psychology

The discipline concerned with behavior and mental processes and how they are affected by an organism’s physical state, mental state, and external environment; the term is often represented by Ψ, the Greek letter psi (usually pronounced “sy”).