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:

Alone

Being separate or isolated.

Task

A piece of work or duty to be completed, often with a specific objective.

Compounded Annually

Refers to the process of calculating and adding interest to the principal balance of an investment or loan once per year.

Investment

Allocation of resources, usually money, in the expectation of generating an income or profit.