Earning $10 for Every Five People You Sign Up to a New

question 179

Multiple Choice

Earning $10 for every five people you sign up to a new Internet sales club is an example of a _____ schedule.

• A) variable ratio
• B) fixed interval
• C) fixed ratio
• D) variable interval

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Definitions:

Expense Account

An account used to record expenses in accounting, representing money spent or costs incurred in an entity's operations to generate revenues.

Closing Journal Entries

Entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, preparing the books for the next period.

Dividends

Funds distributed to shareholders by a company, typically from its earnings.

Retained Earnings

The portion of a business's profits not distributed to shareholders but reinvested in the business or kept as a reserve.