If You Purchase an Item Using a Credit Card and Later

question 89

Multiple Choice

If you purchase an item using a credit card and later take it back for a refund you will receive

• A)a credit receipt and the amount will be charged back to the merchant by your card issuer.
• B)a check in the mail for the refund.
• C)a cash refund.
• D)higher credit score.

---

Definitions:

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Critical Thinking

The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Interdependence

A dynamic of being mutually reliant on each other, where the actions of one entity or person affect the outcome of another.