Studying Money and Banking Through Five Core Principles Is Helpful

question 29

Multiple Choice

Studying money and banking through five core principles is helpful because:

• A) studies have shown students have a difficult time remembering more than five topics.
• B) everything in economics can be reduced to five core principles.
• C) money and banking can undergo drastic changes overtime, but the five principles do not.
• D) these five principles are understood by everyone.

Comprehend the organizational development approach to change.

Distinguish between different approaches to achieve organizational change.

Acknowledge the importance of developing political support for change initiatives.

Understand the strategies for effective change management.

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Definitions:

Successive Approximations

A technique in behaviorism used to shape behavior by rewarding actions that are progressively closer to the desired behavior.

Shaping Behavior

A method in operant conditioning involving the reinforcement of successive approximations to a desired behavior.

Reinforcing

In behavioral psychology, it pertains to strengthening a behavior by providing a consequence that is rewarding, thereby increasing the likelihood of the behavior's recurrence.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to learned responses.