What Is the Difference Between Consumer Misbehaviour and Consumer Problem

question 13

Multiple Choice

What is the difference between consumer misbehaviour and consumer problem behaviour?

• A) Consumer misbehaviour refers to behaviours that are illegal, whereas consumer problem behaviour refers to behaviours that are merely unethical.
• B) Consumer misbehaviour refers to behaviours that are merely unethical, whereas consumer problem behaviour refers to behaviours that are illegal.
• C) Consumer misbehaviour describes behaviour deliberately harmful to another party in an exchange process, whereas consumer problem behaviour refers to behaviours that are seemingly outside of a consumer's control.
• D) Consumer misbehaviour describes behaviours that are seemingly outside of a consumer's control, whereas consumer problem behaviour refers to behaviour deliberately harmful to another party in an exchange process.

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Definitions:

Net Method

An accounting approach that records transactions after deducting any discounts, rather than recording them at their gross amount and including the discounts as a separate item.

Purchase Discounts

Price reductions given by suppliers to buyers as an incentive for early payment of their purchase invoices.

Journalize

The process of recording business transactions in the journal, making note of the debit and credit of each transaction as per double-entry bookkeeping rules.

Inventory Valuation

The process of determining the monetary value of a company's inventory, using methods such as FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and weighted average cost.