Which of the Following Is an Example of Planned Obsolescence

question 29

Multiple Choice

Which of the following is an example of planned obsolescence?

• A) When a car manufacturer updates a model of car and makes it look noticeably different from the earlier model.
• B) Shifting from coin operated to credit card operated vending machines.
• C) Buying things on layaway.
• D) All of the above

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Definitions:

Federal Bankruptcy Exemptions

Legal provisions that allow individuals filing for bankruptcy to retain certain assets and properties from creditor claims under federal law.

Motor Vehicle Exemption

A provision in bankruptcy law that allows an individual to keep a vehicle up to a certain value as exempt from seizure by creditors.

Federal Bankruptcy Exemptions

Provisions allowing an individual to exempt certain types of property from the bankruptcy estate, thus protecting them from being seized to pay off creditors under federal bankruptcy law.

Liquidation

The process of closing a business and distributing its assets to claimants, typically occurring when a company is insolvent.