Costs Related to the Building and Equipment of a Business

question 2

Multiple Choice

Costs related to the building and equipment of a business are referred to as

• A) economies of scale.
• B) variable costs.
• C) fixed costs.
• D) joint costs.
• E) scalable costs.

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Definitions:

Observational Learning

Learning that occurs through observing the behavior of others and the outcomes of those behaviors.

Social Cognitive Theory

A theory of learning and social behavior which proposes that new behaviors can be acquired by observing and imitating others.

Traits

Characteristic features or qualities distinguishing a person or thing, often inherited in the context of genetics.

Fixations

In psychoanalytic theory, a persistent focus of the id’s pleasure-seeking energies at an earlier stage of psychosexual development.