The Blue Utilities Company Paid Sue $2,000 for the Right

question 25

Multiple Choice

The Blue Utilities Company paid Sue $2,000 for the right to lay an underground electric cable across her property anytime in the future.

• A)Sue must recognize $2,000 gross income in the current year if the company did not install the cable during the year.
• B)Sue is not required to recognize gross income from the receipt of the funds, but she must reduce her cost basis in the land by $2,000.
• C)Sue must recognize $2,000 gross income in the current year regardless of whether the company installed the cable during the year.
• D)Sue must recognize $2,000 gross income in the current year, and when the cable is installed, she must reduce her cost basis in the land by $2,000.
• E)None of these.

Differentiate between primary and secondary reinforcers with examples.

Comprehend the implications of Thorndike's law of effect on learning and behavior.

Distinguish between positive and negative reinforcement and punishment, and their implications for behavior modification.

Contrast associative learning with observational learning, outlining their characteristics and differences.

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Definitions:

Prostitution

The practice or occupation of engaging in sexual activity with someone for payment.

Injection Drug Users

Injection drug users are individuals who use drugs by injecting them directly into their bloodstream, often leading to significant health risks including infections.

HIV/AIDS

Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome, a spectrum of conditions caused by infection with the HIV virus.

Sexually Transmitted Infections

Infections transmitted through sexual contact, caused by bacteria, viruses, or parasites.