LAWN SPRINKLER SCENARIO Mathew Recently Installed a New Water Sprinkler for His Lawn

question 87

Multiple Choice

LAWN SPRINKLER SCENARIO
Mathew recently installed a new water sprinkler for his lawn. He had to purchase a new sprinkler to replace the old, broken one. The new sprinkler came with an automated sensor that controlled the amount of water as well as pressure depending on the humidity and temperature on a given day. This saved Mathew the hassle of putting on a timer. He no longer worried on his way to work over whether he turned the sprinkler on or not. The sprinkler did the needful automatically.
-Refer to Lawn Sprinkler Scenario.Mathew had to purchase a new sprinkler to replace the old,broken one.He chose one with an automated sensor that controlled the amount of water as well as the pressure depending on the humidity and temperature during the day.This way he wouldn't have to set the timer manually.In this scenario,Mathew's purchase is most likely informed by _____.

• A) social influences
• B) online resources
• C) market communications
• D) expert opinions
• E) situational influences

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Definitions:

Depreciates

The process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value over time.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Required Rate

A specific rate of return or interest rate required by investors or lenders to compensate for the risk of an investment or loan.

Net Present Value

A financial metric used to determine the current value of a series of future cash flows, adjusted for time and interest.