A Punishment or Cost Is a Stimulus That

question 2

Multiple Choice

A punishment or cost is a stimulus that

• A) is unpleasant
• B)decreases the probability of behavior
• C) is pleasant
• D) is delivered by authority figures (e.g., police)
• E) comes before the behavior

Recognize the complexity of service costs across different service categories (professional services, service shops, and mass services).

Understand process costing applications and when it applies to service entities.

Identify activities classified as back office in service organizations.

Classify types of service organizations (e.g., car hire companies, auto repairers).

---

Definitions:

Long-Run Average Total Cost

The per unit cost of production that includes both fixed and variable costs when all inputs are considered variable in the long run.

Output

The amount of products or services that a company, sector, or nation generates over a specific timeframe.

Gasoline Prices

The cost per unit of gasoline, influenced by factors like crude oil prices, taxes, and demand.

Shift

In economics, a movement or change in the position of a supply or demand curve in response to external factors.