You Cross the Finish Line of a Race and the First

question 53

Multiple Choice

You cross the finish line of a race and the first thing you do is to look ahead to see how many people finished in front of you,and look behind to see how many people you beat.You are gathering information for your ________ via the use of ________.

• A) self-schema; self-perception
• B) self-perception; reflected appraisal
• C) self-concept; social comparison
• D) self-esteem; competition

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Definitions:

Markup Percent

A percentage added to the cost price of goods to cover overhead and profit, determining the selling price.

Trade Discount

A deduction from the list price of goods or services provided by a seller to a buyer, usually based on the volume of transaction or to maintain a strategic partnership.

Net Price

The price that a distributor will charge a customer after any trade discounts have been subtracted from the list price.

Discount Method

A financing or accounting method where interest and other finance charges are subtracted from the loan amount before the borrower receives funds.