Refer to the Following Table When Answering
Table

question 6

Multiple Choice

Refer to the following table when answering
Table 2.1: U.S. 2011-2012 Expenditures ($ billions)
$$\begin{array} { l | c c } \hline & 2011 & 2012 \\\hline \text { Personal consumption expenditures } & 10,729 & 11,120 \\\text { Goods } & 3,625 & 3,783 \\\text { Services } & 7,104 & 7,337 \\\text { Gross private domestic investment } & 1,855 & 2,062 \\\text { Fixed investment } & 1,818 & 2,004 \\\text { Change in private inventories } & 37 & 58 \\\text { Net exports of goods and services } & - 568 & - 560 \\\text { Exports } & 2,094 & 2,184 \\\text { Imports } & 2,662 & 2,744 \\\text { Government expenditures } & 3,060 & 3,063 \\\text { Federal } & 1,222 & 1,214 \\\text { State and local } & 1,838 & 1,849 \\\hline\end{array}$$
-Consider Table 2.1, which tabulates GDP for 2011-2012. Total GDP in 2012 is:

• A) $36,858 billion
• B) $13,991 billion
• C) $16,245 billion
• D) $15,685 billion
• E) $6,554 billion

Recognize the least and most influential stages of consumer decision making in context of social commerce.

Identify factors influencing attitude or behavior change in response to persuasive messages.

Understand different types of research methodologies used in marketing.

Recognize the difference between primary and secondary data collection methods.

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Definitions:

Depreciation

The process of allocating the cost of a tangible asset over its useful lifespan, representing wear and tear, deterioration, or obsolescence.

Section 1250

Section 1250 of the U.S. Internal Revenue Code deals with the tax treatment of gains from the sale of depreciable real property, distinguishing between ordinary income and capital gains.

Short-term Loss

A financial loss realized on the sale or exchange of an asset held for one year or less.

Accumulated Straight-line Depreciation

The total amount of depreciation expense that has been recorded for an asset to date, using the straight-line method of depreciation.