BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 38

Keeping up with the Joneses
The expectation of instant comfort
The use of money to punish
Overindulgence of children
Question 18. Question : (TCO 3) Steve has three children and has
purchased each of them his or her own TV that is placed in his or her
respective room. Which reason for indebtedness is this an example of?
Misunderstanding or lack of communication
Overindulgence of children
The expectation of instant comfort
Keeping up with the Joneses
The use of money to punish
Question 19. Question : (TCO 3) _____ families rely heaviest on student
loans to finance college.
Low-income
Middle-income
High-income Large Small
Question 20. Question : (TCO 3) If Tracy Sears borrows $1,250 for 1
year with an APR of 9% with no service fees, what is her total cost of
credit?
$125
$112.50
$7.50
$9.38
$0
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BUSN 380 Week 3 Quiz Set 2