Accountants Calculate

question 24

Multiple Choice

Accountants calculate

• A) economic depreciation as part of the firm's cost.
• B) depreciation using Internal Revenue Service rules.
• C) the opportunity cost of all the resources the firm uses.
• D) all the firm's implicit costs but only a few of its explicit costs.
• E) All of the above answers are correct.

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Definitions:

Instinctive Drift

The inclination of an animal to return to natural instinctual actions that disrupt a learned behavior.

Operant Behavior

A type of behavior that is controlled by the consequences that follow it, such as rewards or punishments.

Reinforcement

In behaviorism, any event that strengthens or increases the likelihood of a behavior by providing a consequence an individual finds rewarding.

Flavor Aversion

The learned avoidance of a particular taste or food after it has been associated with illness or discomfort.