According to Allport, a Trait

question 59

Multiple Choice

According to Allport, a trait

• A) expresses itself in all situations.
• B) is discounted by evidence of inconsistency.
• C) can be determined by factor analysis.
• D) is expressed over a range of situations.

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Definitions:

ATC

The abbreviation for Average Total Cost, which is the total cost divided by the number of goods produced.

Fixed Cost

Costs that do not vary with the level of output or production, such as rent or salaries.

Variable Cost

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

Average Variable Cost

The total variable costs incurred by a firm divided by the quantity of output produced.