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Payton Industries has fixed costs of $490,000, the unit selling price is $35, and the unit variable costs are $20. The break-even sales (units) if fixed costs are reduced by $40,000 is
Parsimonious
Favoring simplicity and minimalism, especially in explanations that involve the least number of assumptions.
Outcome Expectations
These are beliefs about the expected results of one's behavior, which can influence motivation and action in both social cognitive theory and behavioral psychology.
Social Learning
The process of acquiring behaviors, attitudes, and skills through observing and imitating others within a social context.
Operant Model
A theory of learning that emphasizes the role of rewards and punishments in shaping behavior.
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