UK Clinical Aptitude Test (UKCAT) Practice Test

What does it mean to incur debts?

1. To avoid responsibility for payments

2. To experience debts after making purchases

3. To collect financial gains

4. To manage existing financial obligations

The correct answer is: To experience debts after making purchases

Incuring debts refers specifically to the process of accumulating financial obligations typically as a result of borrowing money or making purchases with the expectation of repayment. When an individual or entity incurs debts, they often do so by acquiring goods or services on credit, leading to the obligation to repay the amount spent. Option B captures this meaning accurately, as it highlights the experience of debts that arise after transactions are conducted where payment has not yet been fulfilled. The other options relate to financial activities but do not accurately define the act of incurring debts. Avoiding responsibility for payments implies evasion rather than actively incurring debts, while collecting financial gains focuses on profit rather than liability. Managing existing financial obligations suggests a supervisory role over debts already incurred rather than the act of incurring them in the first place.