When Carla Had to Select One Among Three Vacation Destinations,she

question 56

Multiple Choice

When Carla had to select one among three vacation destinations,she ended up choosing the one that actually scored low on an important attribute of being tourist friendly.She chose a location that was least expensive and the most convenient to travel compared to the other two.Which of the following decision rules is most likely to have influenced Carla's choice?

• A) Conjunctive rule
• B) Lexicographic rule
• C) Exception rule
• D) Compensatory rule
• E) Compliance rule

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Definitions:

Trade-In Allowance

The credit offered by a seller for an old item that is given as part of the payment for a new item, reducing the cash needed to complete the new purchase.

Accumulated Depreciation

This refers to the total amount of depreciation expense that has been recorded for an asset since it was acquired, reflecting its decrease in value over time.

Cash Price

The amount of money required to purchase a good or service using cash, as opposed to credit terms or financing.

Trade-In Allowance

An amount credited to the buyer by the seller for a trade-in, which is applied to the purchase price of a new item.