Standard Costs

question 175

Multiple Choice

Standard costs

• A) may show past cost experience.
• B) help establish expected future costs.
• C) are the budgeted cost per unit in the present.
• D) all of these.

---

Definitions:

Behavioral Perspective

An approach in psychology focusing on observable behaviors and the ways in which they are learned through interactions with the environment.

Human Impulses

Innate inclinations or promptings that drive individuals to think or act in certain ways without conscious deliberation.

Cognitive Equilibrium

A state of mental balance where individuals' inner schemas effectively handle new information through assimilation and accommodation, as proposed by Piaget.

Cognitive Development

The process by which an individual perceives, thinks, and gains understanding of their world through the integration and coordination of sensory experiences with previous knowledge and learning.