The Development of the First Computers in the 1950s Was

question 115

True/False

The development of the first computers in the 1950s was a contributing factor to the cognitive revolution in psychology.

---

Definitions:

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and labor expenses.

Unit Sales Volume

The total quantity of units sold of a product or service within a specific period.

Operating Leverage

A measure of how sensitive a company’s operating income is to a change in its sales volume, indicating the proportion of fixed versus variable costs.

Capital Structure Decisions

The decisions that a company makes regarding the financing mix, dividend policies, and investment strategies to maximize shareholder value.