Which of the Following Is a Major Reason Why People

question 61

Multiple Choice

Which of the following is a major reason why people use credit?

• A) Weekly purchase of food
• B) Monthly payment of utility bills
• C) Regular payment of small cash outlays
• D) Frequent impulse purchases
• E) Occasionally for convenience

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Definitions:

Increased Commitment

A heightened level of dedication or loyalty towards an organization or cause, often resulting from effective leadership, recognition, and fulfillment of needs.

Escalating Commitment

The continuation of a course of action even though it is not working.

Cost-Benefit Impact

The analysis or effect of comparing the costs and benefits of a decision, project, or investment.

Behavioural Decision Model

A theoretical framework focusing on the cognitive, social, and emotional influences on individual and collective decision-making processes.