Stephen bought a new Chevrolet Suburban vehicle by putting $10,000 down and arranging to make monthly payments of $599 for six years.These payments represent the ________ of the vehicle for Stephen.
A)acquisition costs
B)repair costs
C)maintenance costs
D)ownership costs
E)disposal costs

Question

Quizplus · Accepted Answer

The monthly payments of $599 represent the ownership costs for Stephen, as he is making payments to own and finance the vehicle. The other options do not accurately describe these payments.

Stephen Bought a New Chevrolet Suburban Vehicle by Putting $10,000