Which of the Following Is True of Locked-In Costs

question 94

Multiple Choice

Which of the following is true of locked-in costs?

• A) Locked-in costs are the same as sunk costs.
• B) Locked-in costs are always fixed costs.
• C) Locked-in costs are incurred costs.
• D) Locked-in costs are also called designed-in costs.

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Definitions:

Unconditioned Stimulus

In the context of classical conditioning, a stimulus that naturally and effortlessly induces a response, without the need for prior learning.

Classical Conditioning

A foundational concept in behavioral psychology where an automatic conditioned response is established by pairing a neutral stimulus with an unconditioned stimulus.

Fixed-Interval Schedule

A system where the initial reaction is incentivized after a predetermined period has passed.

Reinforcement

In psychology, it is a consequence that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.