You Purchased an Automobile Two Years Ago for $10,000

question 20

Multiple Choice

You purchased an automobile two years ago for $10,000. Its current market price is $5,000, and the expected market value one year from now is $4,500. If the interest rate is 10 percent, how much will it cost you to keep the car for an additional year (over and above operation and maintenance costs) ?

• A) $500
• B) $1,000
• C) $1,500
• D) $5,000

Recognize the significance of corporate social responsibility and the various ways businesses can engage with the community.

Understand the role of government agencies in protecting consumer rights and the specific functions of these agencies.

Understand the various elements of business activity and their interconnections.

Distinguish between tangible and intangible products.

---

Definitions:

Moral Behaviors

Actions that conform to accepted standards of conduct based on ethical principles and social norms, demonstrating a sense of right and wrong.

Aggressive Responses

Behaviors that are initiated with the intent to harm or injure another person, either physically or psychologically.

Impulse Controls

The ability to resist or delay an impulse, drive, or temptation to act and involves self-regulation skills.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.