Requirement d. Compare the three ways users of financial statements can reduce information risk with those available to a buyer of an automobile. Select the ways to reduce information risk for a buyer of an automobile and the application to the buyer. (Click on the icon to view the list of applications.) Ways to reduce information risk Application to the buyer of a automobile a. There is a conflict between the automobile buyer and the manufacturer. The buyer wants to buy a high quality product at minimum cost whereas the seller wants to maximize the selling price and quantity sold. b. There is a large amount of available information about automobiles that users might like to have in order to evaluate an automobile. Either that information is not available or too costly to obtain. c. In today's market, there are several financing options available at a low interest rate. d. The automobile industry is highly regulated and information is readily available. e. There is a large amount of available information about automobiles that users might like to have in order to evaluate an automobile. That information is readily available at a low cost. f. It is difficult for a user to obtain much information about either an automobile manufacturer or the automobile itself without incurring considerable cost. The automobile buyer does have the advantage of possibly knowing other users who are satisfied or dissatisfied with a similar automobile. g. The acquisition of an automobile is expensive and certainly a complex decision because of all the components that go into making a good automobile and choosing between a large Requirement d. Compare the three ways users of financial statements can reduce information risk with those available to a buyer of an automobile. Select the ways to reduce information risk for a buyer of an automobile and the application to the buyer. (Click on the icon to view the list of applications.) Ways to reduce information risk Application to the buyer of a automobile a. There is a conflict between the automobile buyer and the manufacturer. The buyer wants to buy a high quality product at minimum cost whereas the seller wants to maximize the selling price and quantity sold. b. There is a large amount of available information about automobiles that users might like to have in order to evaluate an automobile. Either that information is not available or too costly to obtain. c. In today's market, there are several financing options available at a low interest rate. d. The automobile industry is highly regulated and information is readily available. e. There is a large amount of available information about automobiles that users might like to have in order to evaluate an automobile. That information is readily available at a low cost. f. It is difficult for a user to obtain much information about either an automobile manufacturer or the automobile itself without incurring considerable cost. The automobile buyer does have the advantage of possibly knowing other users who are satisfied or dissatisfied with a similar automobile. g. The acquisition of an automobile is expensive and certainly a complex decision because of all the components that go into making a good automobile and choosing between a large