What Is the Name of the Theory That Deals with How

question 45

Multiple Choice

What is the name of the theory that deals with how we explain behavior differently depending on the meaning we assign to the actor?

• A) equality theory
• B) behavioral theory
• C) attribution theory
• D) judgment theory
• E) selective perception theory

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Definitions:

Total Cost

The sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.

Accounting Profit

The difference between total revenue and explicit costs of a business.

Economic Profit

The profit a company makes after deducting both explicit and implicit costs, reflecting the total opportunity costs of its resources.

Implicit Costs

The opportunity costs of using resources that are owned by the firm or entrepreneur for one purpose instead of another, not directly paid out in cash.