A Credit Arrangement That Has No Extra Costs and No

question 96

Multiple Choice

A credit arrangement that has no extra costs and no specific repayment plan is called:

• A)installment sales credit.
• B)single lump-sum credit.
• C)line of credit.
• D)incidental credit.
• E)revolving check credit.

---

Definitions:

Myers-Briggs Type Indicator

A psychological assessment tool that categorizes individuals into 16 personality types based on preferences in how they perceive the world and make decisions.

Problem-Solving Styles

Various approaches or methods individuals use to address challenges, make decisions, and find solutions.

Specific Situations

Particular and distinct conditions or circumstances faced in a given context or at a given time.

Internal Locus

An individual's belief that they can control their life and the outcomes of events through their own actions and decisions.