The ______________ Value of Old Equipment Is Irrelevant in a Decision

question 127

Short Answer

The ______________ value of old equipment is irrelevant in a decision to replace that equipment and is often referred to as a _____________ cost.

---

Definitions:

Consciousness

A state of awareness of one's self and the external environment.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Drive Theory

A theory of motivation that posits that people are driven to take certain actions in order to reduce the internal tension caused by unmet needs.

Woodworth

Robert S. Woodworth was an influential American psychologist known for his work in experimental psychology and the dynamic theory of motivation and personality.