Huang Is a Core User and Jun Is a Casual

question 5

Multiple Choice

Huang is a core user and Jun is a casual user of the video game series Liz Lizardwoman. A new game is being issued in the series and will sell for $40 the first day it is available. Which statement would be consistent with Huang and Jun's user classifications?

• A) Since Huang and Jun both like the series, both will buy it for $40 as soon as possible.
• B) Jun will wait to see if Huang likes the game before buying it for $40.
• C) Huang will look to see if the underlying assumptions in the game are consistent with his core values. Jun will see if people find it entertaining.
• D) Huang will buy the game for $40 as soon as it comes out. Jun is more likely to wait until its price drops before he buys it.

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Definitions:

Permanent/Temporary

Refers to types of accounts in accounting, where permanent accounts show cumulative amounts that carry over to future periods, and temporary accounts are closed at the end of each period.

Normal Balance

The side (debit or credit) of an account on which increases to the account are recorded under double-entry accounting.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.

Permanent/Temporary

distinguishes between accounts or actions that exist indefinitely (permanent) or for a specific duration (temporary).