Applied Psychology Is the Study of Psychological Issues in Order

question 326

True/False

Applied psychology is the study of psychological issues in order to seek knowledge for its own sake rather than for its practical application.

---

Definitions:

Opportunity Cost

The price paid when one opts not to pursue the next most favorable choice during decision-making.

Cash Outlay

The actual amount of money spent or disbursed on goods, services, or assets.

Alternative Investments

Investments in asset classes other than stocks, bonds, and cash, including real estate, hedge funds, private equity, and commodities.

Discontinuing

The process of ending the manufacture, support, or offering of a product or service.