After Finding the First Selling Price Upon Which a Series

question 59

Multiple Choice

After finding the first selling price upon which a series of markup or markdowns will be based, all subsequent changes:

• A) will result in a profit when using markups, and a loss using markdowns
• B) will be based upon selling price
• C) will be based on cost
• D) will be based on either cost or selling price for markups, and selling price for markdowns

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Definitions:

Schachter and Singer

Psychologists who proposed the two-factor theory of emotion, which suggests that emotion is based on physiological arousal and cognitive labeling.

Specific Emotion

A distinct feeling that is characterized by its particular trigger, experience, and range of physiological and cognitive responses.

Physical Arousal

The physiological response of the body to stimuli, often associated with increased heart rate, respiration, and energy, preparing the body for action.

Labeling

The process of classifying and naming individuals or groups based on their behaviors, characteristics, or perceived qualities, which can influence both self-identity and social identity.