A Cost That Will Not Be Affected by Later Decisions

question 165

True/False

A cost that will not be affected by later decisions is termed an opportunity cost.

---

Definitions:

Superego

A component of Sigmund Freud's psychoanalytic theory, representing the moral conscience and ethical standards of the psyche.

Psychic Energy

A concept in psychoanalytic theory referring to the force behind human behaviors, thoughts, and feelings originating from innate instincts and drives.

Moral Judgments

Decisions or evaluations about the rightness or wrongness of actions, often based on a set of ethical principles or societal norms.

Phallic Stage

The third stage in Freud's theory of psychosexual development, occurring around age 3 to 6, where the focus of the libido is on the genital area.