Which of the Following May Indicate Potential Debt Problems

question 65

Multiple Choice

Which of the following may indicate potential debt problems?

• A)paying only the minimum balance each month.
• B)always borrowing to make it to next payday.
• C)your wages have been garnished to pay for debt.
• D)your utility company cuts off service because your bills are unpaid.
• E)paying only the minimum balance each month, always borrowing to make it to next payday, your wages have been garnished to pay for debt, and your utility company cuts off service because your bills are unpaid.

Identify examples and understand the implications of workplace discrimination and sexual harassment.

Understand whistleblower's role in ethical practices in the workplace.

Differentiate between ethical challenges like conflict of interest, loyalty vs. truth, and honesty & integrity.

Acknowledge the importance of ethical leadership and corporate culture in supporting business ethics.

---

Definitions:

Discount

A reduction applied to the regular price of goods or services, or the difference between the nominal value of a financial instrument and its lower selling price.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically associated with bonds, loans, and credit lines.

Straight-Line Method

A method of calculating depreciation by evenly allocating the cost of an asset over its useful life.

Discount Amortized

Discount amortized refers to the gradual reduction or write-off of the discount on bonds payable over the life of the bond, thus increasing the bond's carrying value on the balance sheet over time.