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If you praise a child for learning that the plural of sheep is sheep and the plural of deer is deer and the child cries excitedly, "Look at all the goat!" on seeing a herd of goats, this illustrates the learning theory principle of
High-Low Method
A technique used in managerial accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.
Fixed Cost
Expenses that remain constant regardless of production or sales volume, including rent, salaries, and insurance premiums.
High-Low Method
A cost-accounting method used to estimate variable and fixed costs based on the highest and lowest levels of activity.
Estimate
An approximation or educated guess regarding the value, quantity, or extent of something, often used for budgeting and planning processes.
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