Match the Definitions with the Appropriate Terms

question 219

Multiple Choice

Match the definitions with the appropriate terms.
-A process in which an individual learns new responses by observing the behaviour of another (a model) rather than through direct experience.

• A)learning
• B)behaviourism
• C)observational learning
• D)conditioning
• E)behaviour modification

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Definitions:

LIFO Inventory Valuation

Last-in, first-out method, an inventory costing method where the last items purchased are the first ones considered sold.

Phantom Profits

Profits that are recorded on the books but do not result in an actual cash benefit, often due to accounting practices or non-cash expenses.

Paper

Paper refers to a thin material composed of processed cellulose fibers derived from wood, rags, or grasses, and used for writing, printing, or packaging.

Unit Price

The cost assigned to a single unit of a product or service, which helps consumers compare prices and make purchasing decisions.