A Cost Increase Can Result from An

question 1

Multiple Choice

A cost increase can result from an:

• A) increase in the minimum wage.
• B) increase in the cost of borrowing money.
• C) increase in the cost of advertisement.
• D) only A and B.
• E) only A and C.

Recognize the importance of self-efficacy in enhancing employee performance and motivation.

Distinguish between different learning and motivation theories such as the law of effect, reinforcement theory, and self-efficacy theory.

Identify the role and effects of vicarious modeling in learning and performance improvement.

Apply principles of operant conditioning to manage and modify workplace behaviours effectively.

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Definitions:

Variable Costing Income (VCI)

An income calculation method that includes only variable production costs as product costs, excluding fixed overhead.

Full Costing Income (FCI)

A method of accounting in which all manufacturing costs, both fixed and variable, are assigned to produced units to calculate profitability.

Step-fixed Costs

Costs that remain constant for a certain level of production or activity, but can change to a different fixed amount when a certain threshold is crossed.

Variable Costs

Costs that vary directly with the level of production or output.