In the Past You Have Purchased Cars That You Have

question 37

Multiple Choice

In the past you have purchased cars that you have driven for 10 years or more. The mileage on these vehicles usually exceeded 100,000 and therefore you would just give them to a younger family member. Based on this history, your primary financial consideration in selecting a car will be

• A) resale value.
• B) financing rate.
• C) repair expense.
• D) personal preference.

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Definitions:

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Directive

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A recently introduced guideline or set of rules designed to direct decisions and actions within an organization.

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