By Evaluating Your Credit Options,you May

question 28

Multiple Choice

By evaluating your credit options,you may:

• A)reduce your finance charges.
• B)reconsider your decision to borrow money.
• C)discover a less expensive type of loan.
• D)find a lender that charges a lower rate.
• E)All of these

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Definitions:

Conflicting Duties

Situations where an individual or organization faces two or more obligations that are difficult to fulfill simultaneously due to their opposing natures.

Ethical Dilemma

A situation where a person must choose between two morally correct actions that conflict.

Principle of Universality

A moral or ethical principle stating that rules or standards apply equally to everyone, regardless of circumstances or status.

General Plan

A broad, comprehensive strategy or course of action.