Shorty Is Worried That His Health May Soon Deteriorate to the Point

question 152

Multiple Choice

Shorty is worried that his health may soon deteriorate to the point where he will no longer be able to take care of his own finances. One way he could ease his mind would be to:

• A) name an executor to his will.
• B) prepare a durable power of attorney.
• C) transfer title to all of his real estate and financial assets to a relative he trusts.
• D) invest all of his financial assets into a Keogh plan.

Recognize the methods and importance of behavior modification techniques.

Differentiate between concepts of punishment, extinction, and negative reinforcement.

Grasp the concept of superstitious behavior in the context of reinforcement schedules.

Understand the application and effectiveness of token economies in modifying behavior.

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Definitions:

Authenticity

The quality of being genuine or not counterfeit or copied, often verified through documentation or expert examination in the context of art, documents, or items of historical significance.

Negotiable

Relates to legal instruments, such as checks or bills of lading, that can be transferred from one party to another, changing ownership by endorsement.

Particular Fund

A specific investment fund targeted toward certain assets or investment strategies.

Law of Negotiable Instruments

A branch of law that deals with the rights and duties of parties to documents like checks, bills of exchange, and promissory notes.