Kent and Kirsten Are Both Trying to Reduce Their Consumer

question 110

Multiple Choice

Kent and Kirsten are both trying to reduce their consumer debt.Kent isolates several more concrete problems he can solve to achieve his goal,such as paying the highest-interest debts first and freezing credit card spending.Kirsten simply pays her largest debt first,because this would seem to be the fastest way to move her debt as close to zero as possible.Kent's plan reflects the problem-solving strategy of _____.Kirsten's method illustrates the strategy of _____.

• A) forming subgoals;trial and error
• B) means-end analysis;trial and error
• C) working backward;means-end analysis
• D) forming subgoals;means-end analysis

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Definitions:

Toyota Motor Corporation

A multinational automotive manufacturer headquartered in Japan, known for producing a wide range of vehicles.

Nominal Price

Absolute price of a good, unadjusted for inflation.

CPI (Consumer Price Index)

An indicator that assesses the weighted mean of the prices for a selection of consumer products and services, including food, transportation, and healthcare, aimed at calculating the living expenses.

Real Price

The price of a good or service adjusted for inflation, reflecting its purchasing power over time.