The Criteria for Recognition of Revenue at Completion of Production

question 23

Multiple Choice

The criteria for recognition of revenue at completion of production of precious metals and farm products include

• A)an established market with quoted prices.
• B)low additional costs of completion and selling.
• C)units are interchangeable.
• D)all of these.

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Definitions:

Continuous Reinforcement

A method of learning that entails giving a reward after every desired behavior.

Ratio Schedule

A schedule of reinforcement where a response is reinforced only after a specified number of responses have occurred.

Partial Reinforcement Effect

The tendency for a response that is reinforced after some, but not all, correct responses to be very resistant to extinction.

Continuous Reinforcement

A method of learning in which a behavior is reinforced each time it is performed, leading to faster acquisition of the behavior.