Scenario 6-5 Joe Rowan Walked into Pederson Toyota One Day and Began

question 58

Multiple Choice

Scenario 6-5
Joe Rowan walked into Pederson Toyota one day and began looking at price stickers on Toyota Camrys. He was interested in that model because he had seen a number of television and magazine ads describing the car's features and reputation for reliability. After closely examining the stickers, Joe noticed a line that said "Dealer Promotion Allowance - $125.00." Joe asked a salesperson what that meant. The reply was that it was a charge that helped the dealership pay for local advertising to encourage consumers to shop at that particular dealer. After further discussion, Joe learned that almost 5% of the cost of the vehicle comes from expense for national and local advertising.
-(Scenario 6-5) Joe Rowan was frustrated to learn that such a large percentage of the price of a car came from advertising expenses. He said to the dealer spokesperson, "If you would stop advertising so much, I could save money on this car. Heck, I would be willing to spend hundreds of my own money to do a complete search on the Internet and other literature to find the best car for me. I don't need you guys to do that for me with all your advertising!" Which criticism of advertising is most disconcerting to Joe at this moment?

• A) advertising is superficial and silly
• B) advertising is a poor method to inform consumers
• C) advertising wastes resources and money
• D) advertising is often offensive

Acknowledge the importance of individual differences in personality research and measurement.

Recognize how personality research can be improved to better predict behavior.

Realize the impact of situational factors on behavior and their measurement in personality research.

Understand the basics of the Statute of Frauds and its applications in written contracts.

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Definitions:

Monthly Payments

Regular payments made each month, typically in the context of loans or leases.

Lump Sum

A one-time payment executed at a specific moment, rather than numerous smaller payments or installments.

Monthly

Pertaining to something that occurs, is done, or is calculated on a monthly basis.

Compounded Semi-Annually

Interest calculation method where interest is added to the principal balance twice a year, leading to exponential growth of the investment.