Which of the Following Statements Is (Are) True

question 127

Multiple Choice

Which of the following statements is (are) true?
(1) The term full cost refers to the cost of manufacturing and selling a unit of product and includes both fixed and variable costs.
(2) The fixed cost per unit is considered constant despite changes in volume of activity within the relevant range.

• A) Only (1) is true.
• B) Only (2) is true.
• C) Both of these are true.
• D) None of these are true.

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Definitions:

Motivated Forgetting

A psychological defense mechanism where individuals unconsciously choose to forget information that is painful or disturbing.

Storage Decay

The fading or weakening of memories over time when information is not accessed or used, related to the theory of forgetting in psychology.

Imagination Inflation

A situation where visualizing an event that never took place can boost the belief that it really happened.

Overlearning

The process of continuing to practice or study beyond just achieving initial mastery, enhancing performance and recall.