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Vygotsky Believed That Egocentric or Private Speech (Talking Aloud to Self)played

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Vygotsky believed that egocentric or private speech (talking aloud to self) played an important role in cognitive development by

Recognize the importance and methods of allocating fixed and variable costs to operating departments for performance evaluation.
Calculate and analyze the impact of actual vs. budgeted costs and activities on departmental charges.
Differentiate between various cost allocation bases and understand their application in cost accounting.
Evaluate the role of service departments within a company and how their costs are allocated to operating departments.

Definitions:

Computational Skills

The ability to use mathematical techniques and algorithms to solve problems and perform calculations.

Fairness

A person’s opinion as to whether a price, wage, or allocation is considered morally or ethically acceptable.

Systematic Errors

Suboptimal choices that (1) are not rational because they do not maximize a person’s chances of achieving his or her goals and (2) occur routinely, repeatedly, and predictably.

Self-Interested

Acting in a way that is most beneficial to oneself, often used in the context of economic behavior assuming individuals act to maximize their own welfare.

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