Core Trading Stamp Co

question 124

Multiple Choice

Core Trading Stamp Co. records stamp service revenue and provides for the cost of redemptions in the year stamps are sold to licensees. Core's past experience indicates that only 75% of the stamps sold to licensees will be redeemed. Core's liability for stamp redemptions was $5,000,000 at December 31, 2013. Additional information for 2014 is as follows: If all the stamps sold in 2014 were presented for redemption in 2015, the redemption cost would be $3,000,000. What amount should Core report as a liability for stamp redemptions at December 31, 2014?

• A) $8,320,000.
• B) $5,680,000.
• C) $3,930,000.
• D) $4,680,000.

Recognize examples of behavior modification techniques in real-life scenarios.

Explain the key concepts of operant conditioning, including extinction and discrimination training.

Describe learned helplessness and its implications on behavior.

Understand the process of shaping behavior through successive approximations.

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Definitions:

Competitive Exclusion

A principle stating that two species competing for the same resources cannot coexist permanently if their ecological niches are identical.

Character Displacement

A phenomenon where differences among similar species whose distributions overlap geographically are accentuated in regions where the species co-occur but are minimized or lost where the species' distributions do not overlap.

Keystone Species

A species that has a disproportionately large effect on its ecosystem, influencing the types and numbers of other species in a community.

Sea Stars

Sea stars, also known as starfish, are marine invertebrates belonging to the class Asteroidea, known for their radial symmetry and a body plan consisting of a central disc from which arms (or rays) extend.