Mary, a 25-Year-Old Administrator, Enjoys Going Out Every Weekend

question 73

Multiple Choice

Mary, a 25-year-old administrator, enjoys going out every weekend.One afternoon, while window shopping at a mall, Mary spots a sale at her favourite retail store.Despite making a strict resolution not to buy unnecessary goods, Mary weakens and buys a purse, a pair of jeans, and a pair of shoes.This is an example of:

• A)habitual decision making.
• B)an internal search for information.
• C)postpurchase dissonance.
• D)impulse buying.
• E)an external search for information.

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Definitions:

Average Accounts Receivables

The average amount of money owed to a company by its customers for goods or services provided on credit over a specific period.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue owed by its customers over a period.

Management Assessment

An evaluation process where management reviews financial and operational performance, often for strategic decision-making.

Interest

The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender.