Which of the Following Models Has the Implicit Assumption of Something

question 92

Multiple Choice

Which of the following models has the implicit assumption of something not working properly?

• A)Medical model
• B)Cognitive model
• C)Psychodynamic model
• D)Behavioural model

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Definitions:

Implicit Costs

The opportunity costs of using resources owned by the company for its own operations, rather than earning income elsewhere.

Explicit Costs

Direct payments made to others in the course of running a business, such as wages, rent, and materials.

Implicit Costs

Costs that represent foregone opportunities, such as the income a business owner forgoes by investing in their own company instead of elsewhere.

Explicit Costs

Directly incurred expenses in the operation of a business, such as wages, rent, and material costs, which are clearly accounted for and easy to identify.