Molly and Tom Are Getting Married

question 19

Multiple Choice

Molly and Tom are getting married.Last month they hired a caterer for the wedding reception.This month they attended a wedding for which their chosen caterer had provided food,dishes and flowers.Neither thought the food was good and Molly worried that the dishes looked cheap.However,they feel they cannot change caterers at this date due to the large deposit required by the catering company when it took the job.Molly and Tom do not want to pay:

• A) Extraneous expenses
• B) Opportunity costs
• C) Switching costs
• D) Fixed costs
• E) Retained costs

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Definitions:

Distinctiveness

Pertains to the quality of being distinguishable or markedly different from others.

Appropriateness

The quality of being suitable, fitting, or right for a specific context or circumstances.

Id

In psychoanalytic theory, the part of the mind that acts as the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Primitive

Denotes something that is basic or unsophisticated in terms of development or technology, often implying an early stage of evolutionary or historical development.