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dimulka [17.4K]
2 years ago
4

Khloe only purchases designer jeans and high-priced stilettos endorsed by her favorite entertainers. On top of that, her attitud

es and values are shaped by specific statements made by these celebrities. She also supports causes and charities the celebrities endorse. This illustrates how consumer decision making is influenced by
Business
2 answers:
diamong [38]2 years ago
8 0

Answer:

a reference group

Explanation:

A reference group is a group of influential individuals in the society that people look up to as role models or figures of authority. They are influencers whose opinions can go to a large extent to affect what others do, believe, and also change behaviors of others.

Consumers behavior can be influenced by a reference group, as consumers tend to make buying decision by using this group of individuals as a point of reference. reference group have an impact in the purchasing decisions of consumers.

<em>The influence of reference group is illustrated in the scenario given in the question above, as Khloe only purchases designer jeans and high-priced stilettos endorsed by her favorite entertainers. Khloe's favorite entertainers serve as a reference point for her in her decision making and behavior.</em>

Alla [95]2 years ago
4 0

Answer:

Celebrity trust and relationship in the particular brand.

Explanation:

Over years, people have come to be fanatics or protegee of particular entertainers and as such they tend to act and dress in such a way that depicts the style and character of this entertainers. Consequentially, whatever these celebrity entertainer say or portray about a product are totally accepted by their fans due to the trust they have on this entertainers.

Further more, when the comes to purchase a product, the decision of the consumer are therefore influenced by the previous act, statement or attitude of these celebrity entertainer over a brand.

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Abigail has an inheritance tax lien placed on all of her property. What kind of a lien is it?
Iteru [2.4K]

Answer:

A general lien is one placed against any and all real and personal property owned by a particular debtor. An example is an inheritance tax lien placed against all property owned by the heir. A specific lien attaches to a single item of real or personal property, and does not affect other property owned by the debtor.

Explanation:

4 0
2 years ago
Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates.a. Several
Orlov [11]

Answer:

Key S - Scenario

      A - Accounting Principle or Assumption

S

Several years after Thomas Company purchased new office equipment, the company’s accounting records still show the original purchase price.

A

Historical cost principle

S

The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company’s assets.

A

Business entity assumption

S

Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses.

A

Going concern assumption

S

Thomas records expenses incurred to produce the sales for the month.

A

Expense recognition principle

S

GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer’s payment is recorded.

A

Revenue recognition principle

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Thomas Company provides earnings information to investors at the end of every quarter.

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Time period assumption

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The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm.

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Monetary unit assumption

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5 0
2 years ago
On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in th
Viktor [21]

Answer:

<u>Product</u>        <u>Quantity </u>              <u>LCM</u>                          <u>Total</u>

Model A           300                  $125                         $37,500

Model B           500                   $90                           $45,00

Model C           150                    $59                           $8,850

Model D           800                  $115                         $92,000

Model E           400                  $140                         $56,000

Explanation:

Product        Quantity        Cost Per Unit         Market Value (NRV)

Class 1:

Model A           300                  $140                         <u>$125 </u>

Model B           500                   <u>$90</u>                          $112

Model C           150                    $60                          <u>$59</u>

Class 2:

Model D          800                  $120                          <u>$115</u>

Model E           400                  <u>$140</u>                         $145

When a company records inventory at lower of cost or market value, it will record its inventory at whichever price is lower. E.g. if NRV is lower than purchase cost, then inventory is recorded at NRV. If purchase cost is lower than NRV, then inventory will be recorded at purchase cost.

Models B and E should be recorded at purchase cost while models A, C and D should be recorded at NRV.

Product        Quantity               LCM                        Total

Class 1:

Model A           300                  $125                         $37,500

Model B           500                   $90                           $45,00

Model C           150                    $59                           $8,850

Class 2:

Model D           800                  $115                         $92,000

Model E           400                  $140                         $56,000

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2 years ago
Comparing and contrasting sets of data in order to rank them and make a decision best defines _____.
Murrr4er [49]
Comparing and contrasting sets of data in order to rank them and make a decisions best defines as evaluation. In evaluation, you need to rank your employees for the compensation or salary increase that they will receive. The most performer will receive the biggest increase since he has done bigger.
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2 years ago
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Scott and his partner, Greg, have decided to update their computer network, although they have no expertise in this area. During
sweet [91]

Answer:

E. Rational decision making.

Explanation:

Rational decision making: It is a process of decision making that involve multi steps process of analysis, logic and knowledge of expert for decide on alternative. It does not favor insight or subjectivity in the process of decision making. Identifying a few possible courses of action is the first step involved in the rational decision-making process.

Steps that followed in rational decision making:

  • Define the problem.
  • Identify the decision criteria.
  • Allocate weights to the criteria.
  • Develop the alternatives.
  • Evaluate the alternatives.
  • Select the best alternative.

In the given case, during a meeting with Greg, Scott said "Our decision is limited by numerous constraints, such as our understanding of the complexity of technology, time and money, imperfect information, and our conflicting goals.", which are hindrance to Rational decision making.

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