Ima Safer,who Recently Graduated from College and Got a Full

question 147

Multiple Choice

Ima Safer,who recently graduated from college and got a full time job,has prepared her first personal budget and found a pleasant surprise.After taking into account her expected monthly income and all of her ordinary expenses,including the monthly payment on her credit card,she should have some money left over.If Ima is like most young people who are just starting out,the best thing for her to do with the extra money would be to:

• A)use it to open her own business.
• B)pay off any charges against her credit card account or other high interest debts.
• C)use it to make a down payment on a house.
• D)put it into a savings account that earns a guaranteed rate of return.

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Definitions:

Cognitive Development

Cognitive development refers to the processes by which individuals perceive, think, and gain understanding of their world through the interaction of genetic and learned factors.

Kohlberg

Pertains to Lawrence Kohlberg, a distinguished American psychologist renowned for developing a theory that outlines the stages of moral development.

Piaget

Jean Piaget was a Swiss psychologist known for his work on child development and cognitive development theory.

Moral Judgments

Evaluations or decisions about the rightness or wrongness of actions, often guided by societal norms and personal values.