Studies Show That Automobile Shoppers Spend an Average of 11

question 104

Multiple Choice

Studies show that automobile shoppers spend an average of 11 hours ________ before setting foot in a showroom.

• A) driving vehicles owned by friends or family
• B) creating a new household budget
• C) developing a negotiation technique
• D) researching cars online
• E) getting new-car recommendations from personal sources

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Definitions:

Equity in Earnings

The share of the profits or losses from investments in associates that a company accounts for using the equity method.

FVTPL

Fair Value Through Profit or Loss, a classification under International Financial Reporting Standards for financial assets held for trading or designated upon initial recognition as measured at fair value, with changes in fair value recognized in profit or loss.

FVTOCI

stands for Fair Value Through Other Comprehensive Income, a classification under IFRS for financial assets that are measured at fair value with fluctuations recorded in other comprehensive income.

Share Price

The price at which a single share of a company's stock is bought or sold in the market.