Ji-Hu Believes in Making Decisions Based on the Method of Experience

question 52

Multiple Choice

Ji-hu believes in making decisions based on the method of experience. Considering this, which of the following actions would he most likely take?

• A) He would buy the Hellman espresso machine because the choice seems obvious.
• B) He would buy the Almas espresso machine because his manager highly recommends it.
• C) He would buy the Franceso espresso machine because research shows it is the most durable.
• D) He would buy the Jones espresso machine because he liked his previous machine, which was made by Jones.
• E) He would buy the Lucia espresso machine because surveys of the product show the highest customer approval.

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Definitions:

Petty Cash

A small amount of cash kept on hand in a business for making everyday, minor expenditures.

Cash Reserve

Funds that a company sets aside to meet short-term and emergency funding needs.

Right of Return

A policy allowing customers to return purchased goods within a certain period, usually with conditions attached.

Sales Assistance

Support activities provided to help in the selling of products or services, including marketing, promotional efforts, and customer service.