In Making the Decision Whether to Sell a Product as Is

question 266

Multiple Choice

In making the decision whether to sell a product as is or process the product further, the expected income from selling the product as is may be defined as which of the following?

• A) A sunk cost of processing the product further
• B) The opportunity cost of processing the product further
• C) The opportunity cost of selling the product as is
• D) A limiting factor in processing the product further

---

Definitions:

Personality Differences

Variations in the patterns of thinking, feeling, and behaving that distinguish individuals from one another.

Situationism

The theory that behavior is determined more by situations than by personality traits.

Locus Of Control

A psychological concept that refers to individuals’ beliefs about the extent to which outcomes in their lives are under their own control versus external forces.

Reciprocal Determinism

The theory posited by Albert Bandura that a person's behavior both influences and is influenced by personal factors and the social environment.