Which of the Following Sets of Characteristics Is Representative of a Low-Involvement

question 127

Multiple Choice

Which of the following sets of characteristics is representative of a low-involvement purchase?

• A)The item to be purchased is expensive,seldom purchased,and risky,and requires research.
• B)The item to be purchased is inexpensive,seldom purchased,and risky,and requires little research.
• C)The item to be purchased is expensive and seldom purchased,but carries little risk and requires little research.
• D)The item to be purchased is inexpensive and frequently purchased,is an item of limited risk,and requires little forethought.
• E)The item to be purchased is expensive and frequently purchased,carries little risk,but requires research.

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Definitions:

Reasonable Identification

A requirement in certain transactions, such as the presentation of an identifiable document that can confirm the identity of a person.

Dishonored

Dishonored describes a financial instrument, such as a check or promissory note, that has been refused acceptance or payment.

Promissory Note

A financial instrument involving a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Presentment

The act of formally presenting a document, such as a check or draft, for acceptance or payment.