A Purchasing Agent Has Two Potential Firms from Which to Buy

question 64

Multiple Choice

A purchasing agent has two potential firms from which to buy materials for production. If both firms charge the same price, the material cost is a(n)

• A)irrelevant cost.
• B)relevant cost.
• C)sunk cost.
• D)opportunity cost.

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Definitions:

Acceptance Of The Self

The process of recognizing and embracing one’s attributes, strengths, and weaknesses without judgement.

Fully Functioning Persons

Individuals who are living in accordance with their true self and feelings, experiencing congruence between their ideal self and actual experiences.

Unconditional Positive Regard

An attitude of total acceptance and support towards a person regardless of what they say or do, particularly used in client-centered therapy.

Conditional Positive Regard

An attitude of acceptance and love towards others that is contingent upon their behavior meeting certain conditions or standards.