Navario Is Refusing to Do His Homework Because He Wants

question 71

Multiple Choice

Navario is refusing to do his homework because he wants to go out to play.His mother tells him he is not allowed to play until the homework is finished.His mother is using:

• A) positive punishment
• B) biological preparedness
• C) the Premack principle
• D) the principle of shaping

Develop an understanding of the criteria for accepting special orders and pricing decisions.

Appreciate the role of both financial and nonfinancial information in managerial decision-making.

Recognize the steps involved in the managerial decision-making process and the role of accounting.

Grasp the significance of performance evaluation through internal reports post-decision-making.

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Definitions:

Contribution Margin Ratio

The ratio of sales income that surpasses variable expenses, showing the extent to which revenue assists in covering fixed costs and generating profit.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Operating Leverage

The degree to which a company can increase its profits by increasing sales, reflecting how fixed costs are leveraged against sales volume.

Fixed Expenses

Costs that do not vary with the level of production or sales over a short period, such as rent or salaries.