A Cost That Cannot Be Changed by Any Present or Future

question 195

Multiple Choice

A cost that cannot be changed by any present or future decision is a(n)

• A) incremental cost.
• B) opportunity cost.
• C) sunk cost.
• D) variable cost.

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Definitions:

Psychosexual Development

Freud's theory that child development is a series of stages during which the pleasure-seeking energies of the id become focused on certain erogenous areas.

Oedipus Complex

A Freudian theory that refers to a child's feelings of desire for their opposite-sex parent and jealousy and envy towards their same-sex parent.

Phallic Stage

A stage in Freudian psychosexual development, occurring in early childhood, where the libido's focus is on the genital area, and the beginnings of sexual identity are formed.

Libido

A phrase in the context of psychoanalytic theory that refers to the libido or sexual longing.