Which of the Following Is Most Likely Not a Valid

question 71

Multiple Choice

Which of the following is most likely not a valid reason for using credit?

• A)Borrowing for a stay in a hospital because of appendicitis
• B)Borrowing to purchase a car so that you can go to work full-time
• C)Borrowing to buy a printer for your home office now because you know it will be twice as expensive in two years
• D)Borrowing to pay for your expensive dinner and movie every week
• E)All of these are valid reasons for using credit.

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Definitions:

Instrumental Values

Values that are considered a means to an end, guiding how we achieve our terminal values or goals.

Terminal Values

Deeply held beliefs about the ultimate goals of life, such as happiness, success, and peace, that guide an individual's behaviour and life choices.

Long-term Goals

Objectives or plans that are intended to be achieved over an extended period, typically several years or more, focusing on future accomplishments.

Open-mindedness

The willingness to consider new ideas and opinions without preconceived judgments.