John's Parents Promise Him a Prize If He Finishes Reading

question 50

Multiple Choice

John's parents promise him a prize if he finishes reading 20 books.John reads the first 19 books without reinforcement because he knows that the payoff will occur when the last book is completed.Which type of partial reinforcement schedule is being discussed here?

• A) Fixed-interval schedule
• B) Variable-interval schedule
• C) Fixed-ratio schedule
• D) Variable-ratio schedule

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Definitions:

Straight-Line Method

A method of amortizing a bond discount or premium that provides for equal amounts of discount (or premium) to be written off to interest expense each period.

Useful Life

The estimated period of time over which an asset is expected to be usable by the entity, used for the purposes of depreciation or amortization.

Total Income Yield

refers to the percentage of income an investment generates, considering both dividend or interest payments and capital gains.

Cash Payback Period

The duration required for an investment to generate cash flows sufficient to recover the initial investment cost.