Which of the Following Is True of Historical Costs

question 208

Multiple Choice

Which of the following is true of historical costs?

• A) They are useful for making future predictions.
• B) They are used for decision making.
• C) They are always accounted as opportunity costs.
• D) They cannot be fixed costs.

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Definitions:

Reinforced

Strengthened or emphasized, often referring to behaviors that are encouraged or made more likely to occur due to positive outcomes or rewards.

Token Economy

A behavior modification system that utilizes tokens as a form of currency that can be exchanged for desired rewards or privileges, aimed at increasing desirable behaviors.

Community Living

A residential living arrangement that offers a supportive, structured environment for individuals, particularly those with disabilities or special needs, to foster independence and social interaction.

Institutional Setting

An environment or facility designed for specific purposes such as healthcare, education, or incarceration, where structured routines and regulations are in place.