Highrise Constructions Ltd Had a Large Three-Year Project with Total

question 46

Multiple Choice

Highrise Constructions Ltd had a large three-year project with total revenue of $5 000 000 and estimated total costs of $4 200 000.The project was 25 per cent complete at the end of the first year,55 per cent complete at the end of the second year and 100 per cent complete at the end of the third year.Revenues and costs were as estimated.
- How much profit was earned during the third year if the completion of production method was used?

• A) $360 000
• B) $440 000
• C) $800 000
• D) $400 000

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Definitions:

Stimulus-stimulus Learning

A process in classical conditioning where a neutral stimulus becomes capable of eliciting a response after being paired with another stimulus that naturally evokes a response.

John B. Watson

An American psychologist who is considered one of the founders of behaviorism, emphasizing the importance of observable behavior over internal mental states.

Phobias

Irrational, intense, persistent fears of certain situations, activities, things, or people, leading to avoidance behavior.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Ivan Pavlov's experiments with dogs.