Sam Always Makes It a Point to Have His Coffee

question 84

Multiple Choice

Sam always makes it a point to have his coffee at Tans,a coffee shop that claims to use "authentic Tanzanian peaberry coffee." This is an example of product choice influenced by _____.

• A) situational influences
• B) expert opinions
• C) online sources
• D) social influences
• E) marketing communications

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Definitions:

Gaap

Generally Accepted Accounting Principles are the standard framework of guidelines for financial accounting used in any given jurisdiction, commonly the U.S.

Lifo Inventory

A method of inventory valuation where the last items placed into inventory are the first ones taken out, used to calculate the cost of goods sold and ending inventory.

Basic Earnings Per Share (Eps)

Basic Earnings Per Share (EPS) is a calculation used to gauge a company's profitability on a per-share basis, dividing net earnings available to common shareholders by the average outstanding shares.

Net Income

The remaining income of a company after deducting expenses and taxes from the total income generated.