Jorge Plans to Buy a Car and Discusses the Purchase

question 4

Multiple Choice

Jorge plans to buy a car and discusses the purchase with his parents. Their influence on his buying decision is classified as a(n) _____ influence:

• A) psychological.
• B) social.
• C) situational.
• D) institutional.

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Definitions:

Internal Users

Individuals within an organization who use financial information to make decisions, including managers and employees.

Accounting Information

The financial data and records about a company's transactions, financial performance, and condition, used to make business decisions, prepare financial statements, and comply with financial reporting standards.

Employees

Individuals hired by a company to perform tasks in exchange for compensation, typically through wages or salaries.

Statement Of Owner's Equity

A financial statement showing the changes in the equity of a company during a specific period, due to various factors like profits and losses.