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Discuss the Meaning of the Terms "Favorable" and "Unfavorable" with Regards

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Essay

Discuss the meaning of the terms "favorable" and "unfavorable" with regards to variances.How does each type of variance affect operating profits? Do the terms refer to good or bad variances? Give an example of each with the effect on profits and the interpretation of the meaning of the term.


Definitions:

Conditioned Response

An automatic response established by training to an ordinarily neutral stimulus.

Unconditioned Response

In classical conditioning, it's the automatic, natural reaction to an unconditioned stimulus without prior learning or conditioning.

Behaviorist

A supporter of the behavioral approach in psychology, emphasizing behavioral analysis and modification rather than internal or cognitive states.

Thoughts And Feelings

Refer to internal cognitive and affective states that are subjective and can influence behavior and perception.

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