Questions You Should Consider Before You Decide How and When

question 27

Multiple Choice

Questions you should consider before you decide how and when to make a major purchase include all except

• A)do I have the cash I need for a down payment
• B)do I want to use my savings for this purchase
• C)could I postpone this purchase
• D)what are the psychological costs of using credit (being in debt and responsible for monthly payments)
• E)all these questions should be considered

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Definitions:

Characteristics

Distinguishing traits, qualities, or properties that identify and differentiate individuals, groups, or things.

Experiences

Refers to the knowledge or skill that one gains through involvement in or exposure to an event or activity over time.

Written Communication

The exchange of messages or information in written form.

Advantage

A favorable position or condition that enhances the likelihood of success or effectiveness.