Any Relatively Permanent Change in Behaviour That Occurs Because of Experience

question 149

Multiple Choice

Any relatively permanent change in behaviour that occurs because of experience is called:

• A) learning.
• B) instinctive drift.
• C) free will.
• D) determinism.

---

Definitions:

Break-even Point

The financial stage where total costs equal total revenue, meaning the business is neither making a profit nor a loss.

Unit Variable Costs

Costs that vary directly with the production volume, per unit produced.

Break-even Point

The breakpoint where overall earnings from sales or manufacturing activities are equal to the total costs incurred, preventing any profit or loss.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no profit or loss.