John Gleason Is Interested in Purchasing a 46" Rear Projection

question 61

Multiple Choice

John Gleason is interested in purchasing a 46" rear projection TV for his living room.John knows that right now the TV will cost approximately $1500.John is not sure he can afford this TV right now but is worried that if he waits,the cost of the TV will rise to $1800.Which type of risk is John worried about?

• A)Inflation risk
• B)Interest rate risk
• C)Income risk
• D)Personal risk
• E)Liquidity risk

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Definitions:

Right And Wrong

Fundamental ethical principles that dictate the morality of actions, decisions, and behaviors.

Preconventional

A stage in Kohlberg's theory of moral development where behavior is influenced by rewards and punishments.

Conventional

Following traditional forms or methods; typical and based on accepted standards.

Postconventional

A stage of moral development in which individuals make decisions based on universal principles and the internalization of these principles as personal ethics.