Jane Is Employed at an Annual Salary of $55,000

question 132

Multiple Choice

Jane is employed at an annual salary of $55,000. She plans to start her own business as a private investigator. If she chooses to open the new business, Jane's foregone salary is a (an) :

• A) Irrelevant cost
• B) Sunk cost
• C) Opportunity cost
• D) Incremental cost

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Definitions:

Biofeedback Theory

A technique that teaches individuals to control bodily processes that are normally involuntary, like heart rate, using monitoring devices.

Unconditioned Stimulus

A stimulus that inherently and instinctively elicits a reaction without needing any learned behavior.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Conditioned Stimulus

An initially neutral stimulus that, after association with an unconditioned stimulus, triggers a conditioned response.