Lauren and Tran Both Spend Six Hours Per Week Studying

question 113

Multiple Choice

Lauren and Tran both spend six hours per week studying for their botany course.Lauren is concerned that if she doesn't study,she will fail the course; Tran is concerned that if he doesn't study,he won't earn the highest grade in the class.What is most likely

• A) Both students are motivated by a need for achievement. 
• B) Tran is motivated by a fear of failure, and Lauren is motivated by a need for achievement. 
• C) Lauren is motivated by a fear of failure, and Tran is motivated by a need for achievement. 
• D) Both students are motivated by a fear of failure.

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Definitions:

Variable Cost

Costs that change in proportion to the level of goods or services that a business produces.

Variable Costing

A pricing approach that incorporates only variable production expenses—such as direct materials, direct labor, and variable manufacturing overhead—into the cost of products.

Absorption Costing

A costing method that assigns all manufacturing costs, both fixed and variable, to products.

Net Income

The total earnings of a company after subtracting all expenses from revenue.