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Tim doesn't want to run into his ex-girlfriend on campus, so he changes the route that he used to take to get to class when he did see her. The first day he does this, Tim does not run into his ex-girlfriend. Tim ends up using this route for a month because he fails to run into her. Tim has learned through __________ conditioning.
Residual Loss
Losses that remain after all efforts have been made to recover or mitigate the loss, often related to asset disposal or impairment.
Agency Cost
The costs arising from conflict of interest between principals (owners) and agents (managers), including monitoring expenditures and the costs of structuring operations to minimize issues.
Marginal Cost
The cost incurred by producing one additional unit of a product or service.
Claim Dilution
The reduction in the likelihood of recovery or the value of each creditor’s claim as a result of an increase in the number of claimants or claims against the same debtor or asset.
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