A Fixed Asset with a Cost of $30,000 and Accumulated

question 22

Multiple Choice

A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500.What is the amount of the gain or loss on disposal of the fixed asset?

• A)$2,000 loss
• B)$2,000 gain
• C)$1,500 loss
• D)$3,500 gain

Understand the basics of personality traits and how they influence consumer behavior.

Gain insights into Freudian psychological theory and its application in marketing and consumer behavior.

Recognize different psychological theories (Freud, Jung, Horney, Adler) and their relevance to marketing strategies.

Identify the role of motivational research in understanding consumer choices and behaviors.

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Definitions:

Behavioral Economists

Researchers who study the psychological, cognitive, emotional, cultural, and social factors that affect the economic decisions of individuals and institutions.

Endowment Effect

A cognitive bias where individuals value an owned object higher than its market value simply because they own it.

Anchoring Effect

A cognitive bias in decision-making where individuals rely too heavily on the first piece of information (the "anchor") offered when making decisions.

Behavioral Economics

A field of economics that studies the effects of psychological, social, cognitive, and emotional factors on economic decisions.