Jerry Received a Check from McGregory Corporation as a Dividend

question 52

Multiple Choice

Jerry received a check from McGregory Corporation as a dividend on his preferred shares. Two days later, one of the corporate directors called him and said he would have to return the check since it was erroneously declared and the company would not be able to pay its day-to-day expenses. Jerry would:

• A) have to return the check because the company would be insolvent.
• B) have to return the check since it was erroneously declared.
• C) not have to return the check because Jerry acted innocently.
• D) not have to return the check because the board acted in good faith.

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Definitions:

External Incentive

A motivation or stimulus originating from outside an individual that influences their behavior or actions.

Behavioral Change

Modifications or transformations in human actions or reactions due to various factors such as learning, therapy, or life experiences.

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer; often used in behavior modification and conditioning.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which affects the likelihood of certain behaviors being repeated.