Psychologist William James Once Referred to What the World Looks

question 21

Multiple Choice

Psychologist William James once referred to what the world looks like to a baby as

• A)"magical objects in space."
• B)a "blur of colors and faces."
• C)a "bussing, blooming confusion."
• D)"totally out of focus."

---

Definitions:

Variable Cost-Plus

A pricing strategy that sets the selling price based on the variable costs of producing an item plus a fixed mark-up.

Total Cost-Plus

A pricing strategy where the selling price of a product is determined by adding a profit margin to the total cost of manufacturing or producing the product.

Mark-Up Percentage

A measure of how much the cost of a product is increased to arrive at its selling price, typically to cover overheads and profit.

Mark-Up Percentage

The percentage added to the cost price of products to determine the selling price, intended to cover overhead and profit.