When a Consumer Does Not Have Much Personal Experience with a Realtor

question 63

Multiple Choice

When a consumer does not have much personal experience with a realtor (e.g., a first-time home buyer) , he will form expectations from

• A) an extrapolation of past experiences with professional service providers.
• B) newspaper articles.
• C) his last visit with his doctor.
• D) an extrapolation of past experiences with service industry staff.

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Definitions:

General Journal

A fundamental accounting ledger that records all businesses transactions in chronological order, prior to being transferred to specific accounts.

Direct Write Off Method

An accounting practice where uncollectable accounts receivable are directly removed from the books when deemed uncollectible.

Direct Write-off Method

An accounting practice where uncollectible accounts receivable are directly written off against income at the time they are deemed unrecoverable.

General Journal

The general journal is an accounting ledger in which all types of transactions are initially recorded before they are posted to specific accounts in the general ledger.