Alliston Enters into an Agreement with Berkley That,for $2,000,gives Him

question 80

True/False

Alliston enters into an agreement with Berkley that,for $2,000,gives him the right to agree to purchase Berkley's screen printing business within the next 30 days for $50,000.If Alliston decides to buy,they agree that the $2,000 will be the down payment on the purchase price.This agreement is an option.

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the occurrence of desired behaviors.

Observational Learning

A learning process through which behaviors are acquired by watching and imitating others.

Primary Reinforcers

Stimuli that are naturally rewarding and satisfy basic biological needs, such as food, water, and warmth, and do not require learning to be effective.

Secondary Reinforcers

Stimuli that have acquired reinforcing properties through their association with primary reinforcers, such as money or praise.