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The Objective of Most Businesses Is to Maximize Profits

question 42

True/False

The objective of most businesses is to maximize profits.


Definitions:

Unpleasant Event

An occurrence that is disagreeable, distressing, or undesirable.

Decreases

Reductions or declines in numbers, size, strength, or another measurable factor.

Frequency

The rate at which a repeating event occurs over a specified time period.

Extinction Procedure

A method used in behavior psychology to reduce or eliminate the occurrence of a conditioned response by discontinuing reinforcement.

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