Several Companies, Some of Them Operating Through the Internet, Offer

question 62

Multiple Choice

Several companies, some of them operating through the Internet, offer "paycheck advances." Consumers are encouraged to take out a loan against a paycheck they expect to receive in the near future. These short-term loans with high-interest rates, and high penalties for late payments, are often marketed to consumers who do not have traditional bank accounts. These companies could most easily be criticized for which of the following?

• A)shoddy products
• B)poorly serving disadvantaged consumers
• C)high-pressure selling
• D)high advertising and promotion costs
• E)excessive markups

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Definitions:

Landlord And Tenant

Refers to the legal and contractual relationship between the owner of a property (landlord) and the individual(s) renting it (tenant).

Claim

A demand or assertion by one party seeking to enforce their rights or seeking a remedy from another party, typically in a legal context.

Finder

A person who discovers something, especially lost or abandoned property, and may have certain legal rights or obligations regarding its custody and disposal.

Original Owner

The first or initial owner of an item or property.