A Food Cart Costs $4,500 and Is Expected to Return

question 15

Multiple Choice

A food cart costs $4,500 and is expected to return $1,750 a year for three years and then be worthless.What is the payback period for this cart?

• A)2.83 years
• B)3.14 years
• C)2.78 years
• D)2.57 years
• E)1.57 years

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Definitions:

Implicit Attitude

Unconscious or automatic attitudes or feelings towards objects, people, or situations, which influence responses and behaviors.

Explicit Attitude

Attitudes that are consciously acknowledged and expressed by individuals, often through verbal statements or overt actions.

Heuristics

Simple, efficient rules or strategies, often used unconsciously, to make decisions or solve problems quickly.

Social Cognition

The process of understanding and interpreting social interactions and the behavior of others through the use of mental processes and schemas.