A(n)_____ Refers to the Absence of Key Specialized Intermediaries Found

question 14

Short Answer

A(n)_____ refers to the absence of key specialized intermediaries found in the markets of finance, managerial talent, and products, which otherwise reduce transaction costs.

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Definitions:

Continuous Reinforcement

A method of learning in which every correct response is followed by a reward, facilitating the acquisition of a desired behavior.

Stimulus Control

Stimulus control refers to the modification of behavior through the manipulation of environmental factors that trigger specific responses.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, through which an association is made between a behavior and a consequence for that behavior.

Avoidance Training

A behavior modification technique where an individual learns to avoid an unpleasant or harmful stimulus.