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State the effects of inventory errors on cost of goods sold and net income for periods 1 and 2. The response should be overstated or understated.
Period 1 Ending Merchandise Inventory is overstated
Unconditioned Stimulus
An unconditioned stimulus is a stimulus that naturally and automatically triggers a response without prior learning.
Stimulus Discrimination
The ability to distinguish between different stimuli, even if they are similar, often used in the context of learning and behavior modification techniques.
Stimulus Generalization
The process by which a conditioned response is triggered by stimuli that are similar but not identical to the original conditioned stimulus.
Systematic Desensitization
A behavioral therapy technique used to reduce phobic responses and anxiety by gradually exposing the individual to the feared object or situation in a controlled way.
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