The Three Components of Perceived Cost Are

question 6

Multiple Choice

The three components of perceived cost are:

• A) Operating cost, purchase cost and maintenance cost
• B) Fixed cost, variable cost, and overhead cost
• C) Monetary cost, time cost, and psychic cost
• D) Purchase cost, variable cost, and time cost
• E) Operating cost, time cost, and fixed cost

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Definitions:

UML Class Diagram

A type of static structure diagram in the Unified Modeling Language (UML) that describes the structure of a system by showing the system's classes, attributes, operations, and the relationships among objects.

Savings Account

A deposit account held at a financial institution that provides principal security and a modest interest rate.

Recursive Methods

Functions in programming that call themselves in order to solve a problem by breaking it down into smaller and simpler sub-problems.

Iterative Equivalent

An approach or version of an algorithm that uses loops to repeatedly execute instructions until a condition is met, as opposed to recursion.