Martha Had an Important Meeting After Lunch and Wanted to Avoid

question 25

Multiple Choice

Martha had an important meeting after lunch and wanted to avoid the hassle of waiting in line to get a meal at the cafeteria.Hence,she bought a sandwich from a vending machine that was costlier than the meal at the cafeteria.Which of the following influenced Martha's purchase decision?

• A)Psychological costs
• B)Quality costs
• C)Behavioral costs
• D)Time costs

---

Definitions:

Financial Accounting Information

The collection of financial data and statements that companies use to report their financial performance to external parties.

Creditor

An individual or institution that lends money or extends credit, expecting repayment in the future.

Basic Accounting Equation

The Basic Accounting Equation is the foundational principle of double-entry bookkeeping, stating that Assets = Liabilities + Equity, maintaining the balance of a company's financial statements.

Equipment

The tangible assets used in the operation of a business to perform specific tasks, excluding real estate and facilities.