Before Buying Goods and Services on Credit,a Consumer Should Consider

question 9

Multiple Choice

Before buying goods and services on credit,a consumer should consider all of the following except

• A) Whether the good or service will have lasting value.
• B) Whether the good or service will increase personal satisfaction during present income periods.
• C) Whether the good or service will increase personal satisfaction during future income periods.
• D) Whether current income will continue or increase.
• E) Whether the good or service will be worth more because it was purchased with credit instead of cash.

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Definitions:

Systematic Solutions

Methodical and well-organized approaches to solving problems or addressing issues.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning and understanding throughout a person's life.

Cognitive Development

The growth and change in intellectual capabilities such as thinking, reasoning, and understanding over the course of a lifetime.

Preoperational Stage

A developmental phase, according to Jean Piaget, where children aged 2-7 years think symbolically but are not yet able to perform logical operations.