People Often Have Trouble Saving for a Large Future Purchase

question 269

Multiple Choice

People often have trouble saving for a large future purchase, such as a new car, because of all the small purchases they make each day. This illustrates the power of

• A)latent learning.
• B)immediate reinforcement.
• C)higher-order conditioning.
• D)vicarious classical conditioning.

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Definitions:

Obtain Capital

The act of securing funds or resources to finance business operations, typically through borrowing, equity investment, or earnings.

Limited Liability

A legal structure that limits the financial responsibility of owners or shareholders to the amount they invested in the business, protecting personal assets from company debts and liabilities.

Share Transferability

The ease with which shares of a company can be bought, sold, or transferred among individuals or entities.

Taxation

An area of public accounting involving tax advice, tax planning, preparing tax returns, and representing clients before governmental agencies.