Which of the Following Statements Is True When Making a Decision

question 57

Multiple Choice

Which of the following statements is true when making a decision between two alternatives?

• A)Variable costs may not be relevant when the decision alternatives have the same activity levels.
• B)Variable costs are not relevant when the decision alternatives have different activity levels.
• C)Sunk costs are always relevant.
• D)Fixed costs are never relevant.

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Definitions:

Learning Reinforcement

A process in operant conditioning where the likelihood of a behavior is increased or decreased through positive or negative reinforcement.

Conditioning Theory

A psychological theory that proposes learning occurs through associations between stimuli and responses, leading to conditioned behaviors.

Accidental Learning

The acquisition of knowledge or skills without the intention to learn, often occurring through incidental experiences.

Conscious Personality

An individual's awareness of their own character, feelings, motives, and desires.