Another Name for Relevant Cost Is Unavoidable Cost

question 72

True/False

Another name for relevant cost is unavoidable cost.

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Definitions:

Reinforcement Value

The degree to which a specific outcome or reward increases the likelihood of a behavior occurring again.

Motivation

The internal drive or process that stimulates an individual to act towards achieving a goal or fulfilling a need.

Drive Theory

A psychological theory suggesting that behavior is motivated by the desire to fulfill basic biological needs.

Incentive

A motivation or reason for doing something, often a reward or benefit that encourages specific behavior.