If You Do Not Pay for Products or Services Purchased

question 11

Multiple Choice

If you do not pay for products or services purchased on credit,then all of the following can occur,except:

• A)Merchandise can be repossessed.
• B)You can develop a good relationship with creditors.
• C)A business can sue to recover the cost of the product or service.
• D)Your credit score can be lowered to reflect late or missed payments.
• E)The cost of additional credit may be higher.

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Definitions:

Behavioral Prediction

The process of forecasting future behavior based on past and present observations of behavior patterns and trends.

Secondary Drives

Learned drives that are associated with the satisfaction of primary needs, such as the drive to earn money, which can help fulfill basic survival needs.

Acquired Drives

Secondary drives that are learned through conditioning, such as desire for money or achievement, rather than primary drives like hunger or thirst.

Hull's Model

A theoretical framework in psychology developed by Clark L. Hull, which attempts to explain learning and motivation by focusing on a systematic theory of behavior.