Which of the Following Is an Example of a Situational

question 102

Multiple Choice

Which of the following is an example of a situational determinant that would affect consumer behavior?

• A)Beth had less than an hour to buy sheets,towels,shower curtain,and trash cans for her new apartment.
• B)Wednesday is Senior Citizen Day at Kroger,and the store plays big band music all day.
• C)Roger needed to buy a gift for his twentieth-fifth wedding anniversary.
• D)Even though Lonnie wants to buy a new mattress,he missed the ad for the mattress sale because he was listening to his friends argue about the correct way to eat crawfish.
• E)All of the above are examples of a situational determination that could affect consumer behavior.

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Definitions:

Conversion Costs

The sum of labor and overhead expenses incurred to convert raw materials into finished products.

Materials Costs

Expenses directly tied to the production of goods, including raw materials and components.

FIFO Method

An inventory valuation method that assumes that the first items placed in inventory are the first sold.

Direct Materials

Raw materials that can be directly identified and attributed to the production process of a specific finished product.