A Type of Business That Is Owned and Financially Controlled

question 79

Multiple Choice

A type of business that is owned and financially controlled by family members is known as a(n) :

• A) entrepreneurial hobby.
• B) limited partnership.
• C) franchise.
• D) family business.
• E) general partnership.

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Definitions:

Operant Responding

Operant responding involves a type of learning where behavior is modified by its consequences, through reinforcement or punishment, initially described by B.F. Skinner.

Unpredictable

not able to be predicted or foreseen, often because of constant changes or lacking a pattern.

Variable-Interval

A timetable for reinforcement where the time intervals between receiving reinforcement vary around a certain average but are unpredictable.

Reinforcement

A principle in behavioral psychology where an outcome or consequence of a behavior increases the likelihood of that behavior occurring again in the future.