<span>the psychologist whose work is most relevant to their discussions would be: Bandura
Bandura committed himself to study the cause and effect of </span><span>observational learning. He conducted several research to determine how people form a behavior simply by seeing and analyzing everything around them.</span>
Answer:
Opportunity cost is what is given up to obtain something, or the cost of doing something instead of another thing.
The opportunity cost of leisure would be best explained as the monetary value of time spent not working, or in other words, the income that is not received when you are not working.
For example, if a person works 8 hours a day, five days a week, making $20/hour, he will earn, by the end of the week, a total of $800 dollars. However, if he decides to cut back his hours in order to go to swimming classes in the afternoon, and now works 6 hours a day, five days a week, he will now make $600 dollars, so the opportunity cost of leisure for him is $200 dollars.
Answer:
This is known as Revenue recognition principle
Explanation:
Revenue recognition principle is an accepted principle in the field of accounting that helps to identify particular situations in which revenue is recognized and further determine how the revenue can be accounted for. Normally, you only recognize a revenue when the event has taken place, which means that it is recognized when the amount spent can be measured to the company. Since in December, it is not possible for the sod to be installed, it is only correct to record this revenue in March when the installation has taken place.
