A Psychologist Is Interested in Finding Out Why Identical Twins

question 204

Multiple Choice

A psychologist is interested in finding out why identical twins have different personalities.This psychologist is most interested in the goal of ________.

• A)description
• B)explanation
• C)prediction
• D)control

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Definitions:

Net Operating Income

A company's revenue minus its operating expenses, not including taxes and interest.

Fixed Manufacturing Overhead

The total of all production costs that do not change with the level of production output, such as salaries of managers, rent, and property taxes.

Variable Costing

Variable Costing is an accounting method that only assigns variable costs to inventory, treating fixed costs as period expenses.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, indicating how much contributes to covering fixed costs.