A Learning Theory That Stresses the Importance of Observation and Imitation

question 45

Multiple Choice

A learning theory that stresses the importance of observation and imitation in the acquisition of new behaviors, with learning mediated by cognitive processes is:

• A)drive reduction theory
• B)cognitive social learning theory
• C)social information processing theory
• D)psychosocial theory

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Definitions:

Sunk Cost

A cost that has already been incurred and cannot be recovered.

Stand-Alone Principle

A method of evaluating investment projects as if they were the only project the company is undertaking, assessing their viability on their individual merits.

Depreciation Tax Shield

The reduction in income tax that results from the allowance for depreciation, which can be considered a non-cash expense that decreases taxable income.

Equivalent Annual Cost

Equivalent annual cost is a financial analysis tool used to compare the cost effectiveness of different projects or investments with differing lifespans by calculating their equivalent cost per year.