One Main Limitation Is That Functionalist Theory

question 20

Multiple Choice

One main limitation is that functionalist theory

• A) address only the possible inequity within a system.
• B) does not take into account the complex interactions that take place among systems, which can create a great deal of conflict.
• C) lends itself too well to developing interventions for clients.
• D) may offer the client an alternative way to think about problems

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Definitions:

Implicit Costs

Costs that represent the opportunity costs of using resources that the firm already owns, unlike explicit costs which involve direct monetary outlay.

Economic Loss

A decrease in financial wealth, goods, or resources, often as a result of business activities or economic policy decisions.

Accounting Profit

The net income a company reports on its financial statements, calculated as total revenues minus explicit costs.

Marginal Product

The additional output that is produced by using one more unit of a specific input, holding the levels of all other inputs constant.