Identify Each Cost as a Period Cost or a Product

question 148

Multiple Choice

Identify each cost as a period cost or a product cost.
-Depreciation on the office equipment

• A)Product cost
• B)Period cost

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Definitions:

Extinction

In psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Negative Reinforcement

A behavioral principle where the removal of an unfavorable condition strengthens a desired behavior.

Conditioned Stimulus

Conditioned stimulus is a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.

Neutral Stimulus

An initially inactive stimulus that, through association, acquires the capacity to evoke a conditioned response.