Which of the Following Is Not a Required Element for a Valid

question 37

Multiple Choice

Which of the following is not a required element for a valid gift to occur?

• A) mutual consideration
• B) actual or constructive delivery
• C) donative intent to make a present gift
• D) willingness of the donee to take the gift from the donor

Explain behaviorism and its significance in psychology.

Recognize the foundational concepts of psychoanalysis.

Understand the contribution of the cognitive perspective to psychology.

Identify the principles of humanistic psychology.

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Definitions:

Contribution Margin

The contribution margin is the difference between total sales revenue and total variable costs, indicating how much revenue contributes towards covering fixed costs and profit generation.

Underutilising

Refers to the scenario where resources are not being used to their full potential or capacity, often leading to inefficiency or wastage.

Variable Overhead Efficiency Variance

A metric used to measure the difference between the actual variable overhead cost and the standard cost of the actual production volume.

Cost Driver

A factor that causes a change in the cost of an activity.