The Cost of Assets Consumed or Services Used Is Also

question 157

Multiple Choice

The cost of assets consumed or services used is also known as

• A)a revenue.
• B)an expense.
• C)a liability.
• D)an asset.

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Definitions:

Fixed Ratio Schedules

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

Productivity

The efficiency with which goods and services are produced, often measured in terms of output per unit of input.

Reinforcement Theory

A psychological principle stating that the future frequency of a behavior is increased or decreased based on the consequences it produces.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by a hierarchy of needs starting from basic physiological needs to self-actualization.