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When Good Things Happen to Someone,the Probability of Repeating the Behavior

question 149

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When good things happen to someone,the probability of repeating the behavior that occurred before the good things increases.This best illustrates:


Definitions:

Contribution

The portion of sales revenue that exceeds variable costs, contributing towards covering fixed costs and generating profit.

Machine Hour

A measurement of production time, quantifying the number of hours a machine is in operation during a given period.

Variable Costs

Expenses that change in proportion to the activity of a business.

Target Costing

A pricing method that involves reverse-engineering a product to meet a specific price point by targeting the total cost.

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