Unlike Even-Numbered Prices,odd-Numbered Prices

question 34

Multiple Choice

Unlike even-numbered prices,odd-numbered prices:

• A)​make consumers feel they are paying a higher price for a product.
• B)are used for "prestige" items.
• C)have elastic demand.
• D)​connote a bargain.

---

Definitions:

Monetary Unit Assumption

An accounting principle that assumes transactions and events can be represented in monetary units or currency.

Economic Entity Assumption

An accounting principle that treats a company as a separate entity from its owners for financial reporting purposes.

Business Career

A professional path that involves working in the commercial sector, which may encompass a wide range of roles and industries.

Accounting Study

The systematic and comprehensive recording of financial transactions pertaining to a business, and the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities.