Critical Periods in Development

question 163

Multiple Choice

Critical periods in development:

• A)occur in some animals but not in humans.
• B)are thought to regulate bonding in human infants.
• C)are times during which particular events must occur for development to proceed normally.
• D)have been observed in humans during psychological development but not during physical development.

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered, and thus should not affect future investment or business decisions.

Variable Costs

Expenses that directly fluctuate in relation to the amount of goods produced or the volume of sales.

Total Fixed Cost

The sum of all costs that do not change with the level of output or sales in the short term, such as rent and salaries.

Activity Bases

Metrics used to allocate costs based on various activities or drivers that cause costs to be incurred.