Sunk Costs Are ________

question 143

Multiple Choice

Sunk costs are ________.

• A) costs incurred as a result of an investment position
• B) costs that is the sum of all costs in a particular business function of the value chain
• C) the contributions to operating income that is forgone by not using a limited resource in its next-best alternative use
• D) costs that are unavoidable and cannot be changed no matter what action is taken

Understand biophysical and psychodynamic explanations of behavior.

Identify and describe the stages of psychosexual development.

Recognize and explain psychological defense mechanisms and their examples.

Explain the functions of the ego in psychodynamic theory.

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Definitions:

Centration

A cognitive limitation in early childhood where a child focuses on one aspect of a situation and neglects others.

Exclude

To deliberately leave something or someone out of a group or list.

Simultaneously

Occurring, operating, or done at the same time.

Centration

A cognitive development term referring to the tendency of children in the preoperational stage to focus on one aspect of a situation while neglecting others.