When You Watch the Teacher at the Front of the Room

question 33

Multiple Choice

When you watch the teacher at the front of the room, you are easily able to distinguish her from the white board (or chalk board) behind her. This demonstrates the Gestalt principle of ________.

• A) binocular disparity
• B) similarity
• C) good continuation
• D) a figure-ground relationship

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Definitions:

Value-based Pricing

A pricing strategy where the price is set based on the perceived value to the customer rather than on the cost of production or historical prices.

Operating Costs

Expenses incurred in the normal operation of a business, including costs such as rent, utilities, payroll, and materials.

Useful Life

The estimated duration of time that an asset is expected to be functional and economically viable for its intended purpose.

Target Costing

A pricing method that involves subtracting a desired profit margin from a competitive market price to determine the maximum cost of production.