Economists and Accountants Have Very Different Definitions of Profit

question 91

True/False

Economists and accountants have very different definitions of profit.

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Definitions:

Reinforcement

A process which increases the likelihood of a behavior by applying a stimulus immediately after the behavior occurs.

Delivered

In a behavioral context, refers to the administration or provision of a consequence or reinforcement following a behavior.

Positive Reinforcement

A process in behavioral psychology whereby a behavior is strengthened by the consequence of experiencing a positive condition.

Stimuli

External or internal cues that evoke a response from an organism or system.