Pat Is Purchasing New Tires for His Car

question 100

Multiple Choice

Pat is purchasing new tires for his car. He expected to spend $400 or more for these tires, so he started researching on the Internet. He spent several days learning about this product and studied several consumer magazines (e.g., Consumer Reports) . He decided to purchase Yokohama tires because they were rated the best tire value. Which type of learning situation does this illustrate?

• A) explicit learning
• B) implicit learning
• C) primary learning
• D) low-involvement learning
• E) high-involvement learning

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Definitions:

Bank Statement

A document issued by a bank detailing transactions, balances, and other financial information for a specific account over a period.

Outstanding Deposit

A deposit that has been made but not yet recorded or cleared in the account's balance.

Outstanding Checks

Checks that have been written and recorded in the payor's ledger but have not yet cleared the bank.

Adjusted Cash Balance

The cash amount reported after adjustments are made for checks outstanding, deposits in transit, and other discrepancies.