Which of the following is a psychological factor that impacts consumer buying decisions?
a. Social class
b. Learning
c. Personality
d. Lifestyle
ANSWER: b
Psychological factors include perception, motivation, learning, and beliefs and attitudes. These factors are what consumers use to interact with their world.
Business
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In order for a manager to correctly decide to postpone an investment until one year into the future, the NPV of the investment should:
A) grow more rapidly than the cost of capital. B) remain stable. C) not decrease. D) grow more rapidly than the IRR.
Business
Which of the following assumes that financial statements of a business can be prepared for specific periods?
A) matching principle B) revenue recognition principle C) time period concept D) adjusting entry principle
Business