All Costs Are Either Fixed or Variable

question 5

True/False

All costs are either fixed or variable.That is, a cost cannot have a fixed and a variable component.

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Definitions:

Cognitive Dissonance

The discomfort in one’s mind arising from holding several contradictory beliefs, ideas, or values at once.

Observational Learning

A form of learning that occurs through observing the behavior of others and the outcomes of those behaviors.

Classical Conditioning

An educational method where learned reactions are developed through the relationship between an environmental trigger and a naturally existing stimulus.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, values, or ideas simultaneously.