Leslie Is Shopping for a New Computer the Day After

question 9

Multiple Choice

Leslie is shopping for a new computer the day after Thanksgiving.She is hoping to get a good deal.The local electronics store has advertised a leading brand of computer at a 60% discount.Leslie goes to the store to purchase that computer, but when she arrives, the salesperson tries to convince her to purchase a higher priced computer with more features.This tactic is commonly known as:

• A)foot-in-the-door technique
• B)authority principle
• C)bait-and-switch technique
• D)door-in-the-face technique
• E)scarcity principle

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Definitions:

Dividends Per Share

A financial ratio that shows how much a company pays out in dividends each year relative to its stock price.

Independent Auditor's Report

A formal opinion or disclaimer, issued by an independent external auditor as a result of an audit or evaluation of an entity's financial statements.

Financial Statements

Reports that summarize a company’s financial performance, including the balance sheet, income statement, and cash flow statement.

Auditor's Opinion

A statement issued by an independent auditor reflecting their judgement about the accuracy of a company's financial statements.