You Have Particular Needs or Wants That Drive Your Behavior

question 18

Multiple Choice

You have particular needs or wants that drive your behavior and help explain why you do the things you do. These are called your

• A)instincts.
• B)motives.
• C)perceptions.
• D)incentives.
• E)emotions.

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Definitions:

Margin Of Safety

The extent to which sales can decline before a business reaches its breakeven point.

Variable Expenses

Costs that change in proportion to the level of production or sales activities.

Break-even Point

The point at which total revenue equals total costs, resulting in neither profit nor loss for the business.

Unit Variable Cost

The cost associated with producing one additional unit of a product, which varies directly with the level of production output.