In the Past, Psychologists Who Emphasized the Role of Inborn

question 180

Multiple Choice

In the past, psychologists who emphasized the role of inborn characteristics on human behavior were called:

• A) empiricists.
• B) behaviorists.
• C) nativists.
• D) psychoanalysts.

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Definitions:

Absorption Costing Income Statement

An income statement format that includes all manufacturing costs (both fixed and variable) in the calculation of the cost of goods sold.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Contribution Margin

The difference between the sales revenue of a product and the variable costs associated with producing it, used to cover fixed costs and contribute to profit.

Variable Costing

An accounting method that only includes variable production costs—costs that change with production volume—in the cost of goods sold.