Edison Noticed That Prices at a New Video Game Rental

question 357

Multiple Choice

Edison noticed that prices at a new video game rental website were lower than those at most of the other gaming websites or retail stores such as Game Stop. He is exhibiting

• A) cognitive dissonance.
• B) selective retention.
• C) selective comprehension.
• D) stimulus discrimination.
• E) stimulus generalization.

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Definitions:

Pre-tax Profit

The income that a company has earned before any taxes have been deducted from this amount, also known as earnings before tax.

Cost of Goods Sold

represents the direct costs attributable to the production of the goods sold by a company, including material, labor, and overhead costs.

Other Revenue

Income derived from activities not central to a business's primary operations.

Consolidated Income Statement

A financial document that summarizes the combined income and expenses of a parent company and its subsidiaries.