Reasonably Stable Patterns of Actions, Feelings, and Motives Are Referred

question 77

Multiple Choice

Reasonably stable patterns of actions, feelings, and motives are referred to as

• A)cognitions.
• B)personality.
• C)lability.
• D)emotions.

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Definitions:

Explicit Costs

Direct, out-of-pocket payments for costs of production, such as wages, rent, and materials, that a company incurs in conducting its business.

Implicit Costs

Costs that represent the opportunity cost of using resources that a business already owns, rather than explicit outlays of cash.

Total Revenue

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

Explicit Costs

Direct, out-of-pocket payments for resources or services used in the production of goods or services.