The Product Preferences of Hispanics in the United States May

question 82

Multiple Choice

The product preferences of Hispanics in the United States may be similar to the overall culture,but the community may have its own values and beliefs which may differ.This may result in considerable variation in how and where these people buy goods and services.Which of the following is most likely the reason for such variations?

• A)Consumer involvement
• B)Cultural differences
• C)Cognitive dissonance
• D)Gender demographics

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Definitions:

Fixed Overhead Rate

A consistent charge that does not fluctuate with the level of output or activity in a given period, used to allocate fixed costs to units of output.

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and overhead) in the cost of a product.

Variable Costing

An accounting method that only includes variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product costs, with fixed overhead expenses recorded as period costs.

Inventory

The complete list of items such as property, goods in stock, or the contents of a building.