EdmundsCom Provides a Collection of Online Services and Information Pertaining

question 22

Multiple Choice

Edmunds.com provides a collection of online services and information pertaining to the automotive market. Edmunds offers reviews, free pricing reports, discussion boards, and links to a variety of car manufacturers, dealers, insurance companies, and finance companies. What role does Edmunds.com play in today's economy?

• A) distributor
• B) marketspace
• C) metamediary
• D) metamarket
• E) electronic broker

Compare prices from different sources taking into account trade discounts to determine the least expensive option.

Calculate real estate net proceeds and determine the listing or selling price based on commission and net proceeds.

Understand the concept of mark-up including calculating the amount of mark-up, operating expenses, and operating profit or loss.

Interpret terms of sale and calculate the required payments to settle invoices under specified terms.

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Definitions:

Maintenance Rehearsal

A cognitive process that involves repeatedly verbalizing or thinking about a piece of information to keep it in short-term memory.

Systematic Rehearsal

A deliberate practice of repeatedly going over information or tasks to strengthen memory and improve proficiency.

Complex Rehearsal

A memory-enhancing technique that involves thinking about the meaning of the information to be remembered or making connections between new and existing knowledge.

Semantic Memory

A subset of long-term memory that involves the recollection of facts, concepts, and knowledge about the external world that is not drawn from personal experience.