Last Year,Abby Loaned Her Friend,Pat,$10,000

question 46

Multiple Choice

Last year,Abby loaned her friend,Pat,$10,000.Although Pat had signed a note payable that contained interest payments and a maturity date,the loan had not been repaid this year when Pat died insolvent.For this year,assuming that the loan was bona fide,Abby should account for nonpayment of the loan as a(n)

• A)itemized deduction.
• B)ordinary loss.
• C)long-term capital loss.
• D)short-term capital loss.

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Definitions:

Variable-interval Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed.

Fixed-ratio Schedule

A reinforcement strategy in operant conditioning where a response is rewarded only after a specified number of correct responses.

Fixed-interval Schedule

A type of reinforcement schedule in operant conditioning where rewards are delivered at fixed intervals of time, as long as the correct response is made.

Secondary Reinforcers

Conditioned stimuli that acquire reinforcement value through their association with primary reinforcers.