Which Three of the Following Are Advantages of Hire Purchase

question 1

Multiple Choice

Which three of the following are advantages of hire purchase?

• A) It is easy and quick to arrange.
• B) It offers fixed- rate finance.
• C) Only the lender qualifies for tax relief.
• D) It involves a small initial outlay.

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Definitions:

Test of Relevance

A criterion used to determine the pertinence or applicability of something in relation to a specific matter or context.

Scientific Research Design

The structure or plan for a research project that aims to answer specific questions or hypotheses through systematic investigation and using empirical methods.

Comparative Reasoning

The process of making judgments or drawing conclusions by evaluating the similarities and differences between entities.

Self-Corrective

Able to identify and correct one's own errors or weaknesses without external intervention.