If You Borrow Money with a Single-Payment Loan and Discover

question 14

Multiple Choice

If you borrow money with a single-payment loan and discover you cannot pay it back when it is due you should

• A)let the payment become past due.
• B)consolidate the loan.
• C)convert the loan to installments.
• D)negotiate a loan rollover
• E)file bankruptcy

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Definitions:

Security

The state of being free from danger or threat, or the measures taken to be free from those dangers.

Stability

The quality of being resistant to change or variation, often seen as a desirable trait in social, psychological, or economic contexts.

Two-Factor Theory

A psychological theory proposing that employee satisfaction and motivation are influenced by both hygiene factors and motivators, related to job context and content respectively.

Motivator Factors

Elements of a job that can significantly increase employee satisfaction and motivation, such as recognition, responsibility, and achievement.