Which of These Are Possible Options for Most People Who

question 77

Multiple Choice

Which of these are possible options for most people who cannot pay their bills?

• A)Get help from a credit counselor.
• B)Obtain a debt consolidation loan.
• C)Declare Chapter 13 personal bankruptcy.
• D)Declare Chapter 7 personal bankruptcy.
• E)All of the above are possible options.

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Definitions:

Vision

A mental image of a possible and desirable future state of the organization.

Framing Error

A mistake that occurs when information is presented or perceived in a way that biases or distorts decision making.

Sunk Cost Bias

The decision to continue an investment based on past investments of time, effort, and/or money.

Projection Bias

The tendency to mistakenly assume that others share one's current thoughts, feelings, or attitudes.