Which of the Following Was NOT One of the Effects

question 54

Multiple Choice

Which of the following was NOT one of the effects of the expansion of consumer credit during the first half of the 1920s?

• A)It accounted for 60-90 percent of all "big ticket" goods.
• B)It made the idea of going into debt respectable.
• C)It boosted car sales for Ford.
• D)It put expensive goods into the reach of many more working-class people.

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Definitions:

Relevant

Pertaining to something that is closely connected or appropriate to the matter at hand, especially in decision making or problem-solving.

Decision

The act of making a choice among various alternatives.

Opportunity Costs

The value of the next best alternative that is foregone as a result of making a decision, used in evaluating the relative cost of different choices.

Effective Management

Effective Management involves the process of planning, organizing, directing, and controlling resources and activities efficiently and effectively towards achieving organizational goals.