Mark Purchased a Very Expensive Automobile on Credit

question 8

Essay

Mark purchased a very expensive automobile on credit. Within a week, Mark discovered that a tune-up was necessary, for he was in the habit of driving at an excessive rate of speed. When the car was repaired, the bill was more than $1,000. Mark does not have the money to pay for the car repairs or the monthly car payments. The credit company as well as the repair shop are concerned over who has priority of repayment. Who has priority and why?

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Definitions:

Telecommuting

Working from home or from a remote location on a computer or other advanced telecommunications that are linked to the office.

Backup Childcare Centers

Facilities that offer temporary childcare services to support parents when their regular childcare arrangements are unavailable.

Organizational Development

A planned, systematic approach to improving the effectiveness of an organization through changes in processes, people, and structures.

Employee Satisfaction

The level of contentment and happiness that an employee feels towards their job and work environment.