Indicate Whether Each of the Following Statements Is True or False

question 87

Short Answer

Indicate whether each of the following statements is true or false.
_____ a) MACRS is an accelerated depreciation method commonly used for tax purposes.
_____ b) The half-year convention is a semi-annual meeting of accountants and educators.
_____ c) MACRS requires that the taxpayer ignore the estimated salvage value.
_____ d) The use of MACRS provides tax benefits in the early years of an asset's life, compared to use of the straight-line method.
_____ e) Most companies use one depreciation method for financial reporting and another method for tax reporting.

Distinguish between different consumer decision-making rules.

Explain consumer behavior in brand preferences and switching.

Analyze information-seeking behaviors among consumers with varying levels of product knowledge.

Evaluate the impact of situational factors on consumer decision-making.

---

Definitions:

Referent Informational Influence

Pressure to conform to a group norm that defines oneself as a group member.

Social Identity Approach

A theoretical framework suggesting that individuals define themselves by the groups to which they belong, affecting their behaviors and attitudes.

Normative Influence

The impact of societal norms and peer pressures on an individual's behavior, often leading to conformity even if personal beliefs differ.

Dissenters

Individuals who express opinions that are at variance with those previously, commonly, or officially expressed.