Which Statement Best Describes Behaviourism

question 47

Multiple Choice

Which statement best describes behaviourism?

• A) It adopts a free will philosophy.
• B) It argues that behaviour is the product of biological factors.
• C) It sees the causes of behaviour in factors internal to the individual.
• D) It argues that all behaviour is a result of learning.

Define the break-even point and its importance in business decision-making.

Conduct a cost-volume-profit analysis for multi-product companies with known sales mixes.

Calculate the margin of safety and its implications for business stability.

Determine the unit sales required to achieve target pre-tax income.

---

Definitions:

Exchange

The act of trading goods, services, or currencies between parties, either directly or through a medium of exchange like money.

Opportunity Cost

The cost of forgoing the next best choice when making a decision.

Muffin

A small, baked item often eaten for breakfast or a snack, typically sweet and sometimes filled with fruit, chocolate, or nuts.

Comparative Advantage

The competence of an individual or a group in executing a certain economic task with greater efficiency than an alternative one.