Use the Following Information for Questions 78 and 79

question 46

Multiple Choice

Use the following information for questions 78 and 79.
Kiner, Inc. began work in 2014 on a contract for $16,800,000. Other data are as follows:
-If Kiner uses the completed-contract method, the gross profit to be recognized in 2015 is

• A) $2,720,000.
• B) $5,600,000.
• C) $2,800,000.
• D) $11,200,000.

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Definitions:

FR 10 Schedule

A fixed-ratio reinforcement schedule where reinforcement is provided after every tenth correct response, promoting high and steady rates of responding.

FR 40 Schedule

A type of fixed-ratio schedule where reinforcement is provided after a set number of responses, specifically 40 responses in this case.

Operant Chamber

An apparatus that creates an enclosed environment, used for the study of operant behavior within it.

Matching Law

A principle of behavioral psychology that states an individual will choose to engage in behaviors proportional to the rewards offered for those behaviors.