The Cost-Benefit Test Constraint Refers To

question 16

Multiple Choice

The cost-benefit test constraint refers to:

• A) the idea that "when in doubt,take the most beneficial action."
• B) the benefit of complying with an accounting principle should outweigh the cost of compliance.
• C) the recording of assets at their historical cost rather than their fair market value.
• D) the requirement that all benefit transactions must conform to "industry practice".

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Definitions:

Fixed-ratio

A schedule of reinforcement where a response is only reinforced after a specific number of responses, common in behaviorist psychology.

Fixed-interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Negative Reinforcer

A stimulus whose removal or avoidance following a behavior increases the likelihood of that behavior being repeated in the future.

Increases

A process or action that causes something to become larger, more numerous, or more significant.