After shopping around, Janine bought a top-of-the-line Vitamix, but when she got home she was worried that she spent too much and should have bought a less expensive juicer. Janine was experiencing post-purchase dissonance.
Answer the following statement true (T) or false (F)
True
High-involvement, large purchases often lead to a level of doubt or anxiety known as post-purchase dissonance.
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What ratio should a retailer use to best compare the performance of cashmere sweaters versus cotton sweaters?
A. Gross margin percent B. Operating expense percent C. Variable expense percent D. Fixed expense percent E. Cost of goods sold percent
The installment method of recognizing revenue
a. should be used only in cases in which no reasonable basis exists for estimating the collectibility of receivables. b. is not a generally accepted accounting principle under any circumstances. c. should be used for book purposes only if it is used for tax purposes. d. is an acceptable alternative accounting principle for a firm that makes installment sales.
The device that permits the sharing of an on-screen workspace is
A. The whiteboard. B. Fax broadcast. C. Videoconferencing. D. Interoffice messaging.
What is the optimal production quantity?
The XYZ manufacturing company produces ball bearings. The annual fixed cost is $20,000 and the variable cost per ball bearing is $3. The price is related to demand according to the following equation: 1000 - 8p.