For Every 5 Times That You Go to the Gym

question 172

Multiple Choice

For every 5 times that you go to the gym each week, you reward yourself with a treat. This best illustrates which of the following schedules of reinforcement?

• A) fixed ratio
• B) variable ratio
• C) variable interval
• D) fixed interval

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Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Net Purchases

The total amount spent on purchases of goods for resale after subtracting any purchase returns, allowances, and discounts.

Operating Expenses

Costs associated with running a business's day-to-day operations, excluding the cost of goods sold.

Income Summary

An account in which revenues and expenses are summarized, used in the closing process to prepare the accounts for the next period.