On His Way to a GM Dealership to Pick Up

question 61

Multiple Choice

On his way to a GM dealership to pick up a new truck he has purchased, Ian Mann hears a Ford ad that says that Ford trucks have more power than Chevy trucks. Ian thought that the ad said that the Chevys had more power. This illustrates

• A) selective perception.
• B) learning.
• C) selective retention.
• D) reinforcement.
• E) selective exposure.

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Definitions:

Truth-In-Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Finance Charges

The cost associated with borrowing money, including interest and other fees, charged by lenders to borrowers.

Annual Percentage Rate

A measure of the cost of credit, expressed as a yearly interest rate, which includes fees and charges associated with the loan.

Food And Drug Administration

A federal agency of the United States responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, medical devices, and veterinary products.