Peter Is 12 Years Old and Is About to Be

question 632

Multiple Choice

Peter is 12 years old and is about to be punished by his parents.According to the guidelines for punishment in the textbook, the parents should use

• A) frequent punishment, since this strategy will be the most effective.
• B) response cost, since this strategy is usually best for older children.
• C) a delayed punishment in order to give Peter more time to think about his transgression.
• D) all of these techniques.

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Definitions:

Prepaid Insurance

An asset account that reflects payments made for insurance coverage periods extending into the future; it is expensed over time as the coverage period lapses.

Normal Balance

Refers to the debit or credit balance that is expected on a specific type of account based on its accounting rule.

Contra Asset

An asset account where the account balance is a negative amount that reduces the total value of assets on the balance sheet.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded, representing liabilities for a business.