In Determining Your Credit Capacity, You First Provide for Basic

question 168

Multiple Choice

In determining your credit capacity, you first provide for basic necessities, such as:

• A) furniture.
• B) home furnishings.
• C) mortgage or rent.
• D) automobile.
• E) durable goods.

---

Definitions:

Better Society

An ideal or aspirational vision of a community that offers improved conditions and opportunities for its members.

Utilitarian Theory

An ethical theory that posits the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.

Consequentialist Theory

A normative ethical theory that judges actions based on their consequences or outcomes.

Rawls Theory

A concept of justice as fairness, proposing principles of justice to structure society, formulated by philosopher John Rawls.