Paul Decided He Did Not Want the New Jeans He

question 39

Multiple Choice

Paul decided he did not want the new jeans he had purchased from a large discount department store.He had worn them three times and decided he just did not like them.The jeans fit him fine and there is nothing wrong with them.He takes the jeans back to the store and,as is its policy,the store gave him a full refund of his money.Which statement is correct?

• A)Paul's conduct was not unethical since the store's policy of giving full cash funds applied.
• B)Paul's conduct was unethical.
• C)Paul's conduct was unethical, even though the store had a legal obligation to return his money.
• D)Paul's conduct was ethical since the store has a legal duty to return his money when he returned the jeans.

Recognize the importance of credit checks by employers.

Learn the conditions and implications of interest on student loans.

Comprehend the factors influencing the amount of financial aid from scholarships and grants.

Understand the process and strategies for successfully completing the FAFSA.

---

Definitions:

Life-cycle Pattern

A theory suggesting that individuals plan their consumption and savings behavior over their lifetime, taking into account expected income changes and retirement needs.

Income Variation

Fluctuations in an individual's or household's income due to factors like employment changes, investment returns, or economic conditions.

Annual Income

The total amount of income received over a one year period from all sources including wages, salaries, benefits, dividends, and interest.

Total Utility

The total satisfaction or benefit a consumer receives from consuming a particular quantity of goods and services.