The answer is trying-to-consume model.
The trying-to-consume model is intended to account for situations in which the action or outcome is wanted but not known, and it depicts the consumer's attempts to consume, whether successful or not.
What is trying-to-consume model?
- Trying to consume, in general, focuses on a goal that a consumer seeks but may fail to pursue or attain due to various assumptions of abilities to reach the objective.
- It comprises of a person's knowledge or impression of a few items or services based on personal experience or relevant information obtained from numerous sources. This information generally leads to consumer perceptions and particular action.
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People a rude just putting in random letters like “e”
Answer:
The correct answer is letter "E": the goods have substitutes.
Explanation:
Dependence is a characteristic of certain goods that because of their importance certain groups of individuals or organizations cannot stop consuming them. People, in general, have a dependence on consumer staples such as food, drugs, and basic household products, for instance.
<em>Dependence is low when the goods have many substitutes since if one of them fails in supply or raises its price to unreasonable levels, individuals will have options from where to choose to replace it.</em>
To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is recorded. The population of documents for this test consists of all receiving reports.
<h3>What are receiving reports?</h3>
Receiving reposts is a kind of tool that is used to list, document or note all the transaction details of the businesses. It is generally updated and maintained by those employees of the staff who are responsible for receiving or accepting the delivery of goods.
Thus, an auditor runs a test to ensure that every item received is recorded in order to evaluate whether accounts payable are complete. The receiving reports are the population of documents for this test.
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When accounting for a long-term construction contract under IFRS, if the percentage-of-completion method is not appropriate, the seller should account for revenue using "cost recovery method".
<h3>What is cost recovery method?</h3>
According to the "Cost Recovery Rule," any excess cash value (cost basis) over premium payments that results from a partial withdrawal of cash or a policy surrender is taxable income.
Calculation for cost recovery method includes:
- the product's operating expenses, such as those for hardware, software, and labour, should all be added up.
- Analyse whole revenue, regardless of whether a client made a lump-sum payment or several instalments.
- To calculate the profit, deduct the cost of products from whole sales.
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