Which of the Following Statements Concerning Costs Is Incorrect

question 78

Multiple Choice

Which of the following statements concerning costs is incorrect?

• A)Costs are treated differently depending on how the information will be used.
• B)Out-of-pocket costs include the costs associated with not taking a particular course of action.
• C)Any single cost can be classified in more than one way.
• D)Costs can be categorized on the basis of relevant or irrelevant costs.

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Definitions:

Punishment

A process by which a consequence immediately follows a behavior, decreasing the likelihood that the behavior will be repeated.

Behaviour

Behaviour encompasses the actions and reactions of an organism, usually in relation to its environment, which can be observable or internal.

Negative Reinforcer

An unpleasant stimulus that, when removed following a behavior, increases the likelihood of that behavior being repeated.

Probability

The extent to which an event is likely to occur, measured by the ratio of the favorable cases to the whole number of possible cases.