When an Entrepreneur Makes a Scheduled Payment on a Conventional

question 28

Multiple Choice

When an entrepreneur makes a scheduled payment on a conventional loan ________.

• A) Part of it goes to principal and part goes to interest
• B) All of it goes to principal (balance sheet)
• C) All of it goes to interest (income statement)
• D) Part of it pays penalties
• E) None of the above

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Definitions:

Original Fishbein Model

An attitude model suggesting that an individual's attitude towards an object is a function of their beliefs about and evaluation of several of its attributes.

Descriptive Norm

Norms that convey information about what is commonly done in specific situations.

Immediate Setting

The direct physical environment surrounding an individual at any given time, which can influence behavior and perception.

Injunctive Norm

Social norms that dictate what is perceived as approved or disapproved behavior within a society or group.