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You met Sarah in your very first Introduction to Psychology lecture. Throughout the semester, you have discovered that Sarah is intelligent, humorous, generous, and really social. However, you have also noticed she is quite lazy and bossy. Using your knowledge of cognitive algebra, you have worked out that your final impression of Sarah as a potential friend is quite high at +3.60. However, your final impression of Sarah as a partner for an assignment is -1.70. This is an example of:
Indirect Costs
Expenses not directly tied to the production of goods or services, such as administrative overheads.
Developmental Costs
The expenses associated with the creation and implementation of projects, programs, or products, including research, design, and training programs.
Overhead Costs
Expenses that are not directly tied to production or operations, such as rent, utilities, and management salaries, necessary for running a business.
Standard Costs
An estimated or predetermined cost of performing an operation or producing a good, used in budgeting and pricing.
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