MrMarsh Conducts an Experiment That He Cannot Translate into Real

question 35

Multiple Choice

Mr.Marsh conducts an experiment that he cannot translate into real life.The treatment is not realistic.This threat to external validity is called

• A)reactivity.
• B)artificial treatment.
• C)maturation.
• D)Hawthorne Effect.

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Definitions:

Total Revenues

The total amount of money received by a company from its sales of goods or services before any expenses are subtracted.

Variable Costs

Costs that vary directly with the level of production or sales, like raw materials and labor.

Economic Profit

The financial gain that exceeds both the total opportunity costs of production and the accounting costs, reflecting the additional value created from business activities.

Accounting Profit

The profit a company has after deducting all its expenses from its total revenue.