Which Type of Quality Is Based on What a Consumer

question 47

Multiple Choice

Which type of quality is based on what a consumer understands about a product?

• A) subjective
• B) perceived
• C) underlying
• D) secondary

---

Definitions:

Interest Portion

Part of a loan payment that is attributed to interest charges on the borrowed principal amount.

Principal Amount

The original sum of money borrowed in a loan or put into an investment, excluding interest or profit.

Installment Note

A debt instrument that requires regular payments, or installments, of principal and interest over a set period of time until the full amount, including interest, is paid.

Premium on Bonds Payable

The amount by which a bond's sale price exceeds its face value, reflecting additional value due to market conditions or the bond's terms.