At the End of Your First Two Months in Your

question 38

Multiple Choice

At the end of your first two months in your new apartment, you rearrange the bathroom and move the clothes hamper from one corner to the other. For the next two weeks, you accidentally throw your clothes in the wrong corner, but by the end of the third week you are tossing the clothes in the correct location. After spending Thanksgiving break at home with your parents, you again find yourself pitching your dirty clothes in the corner where the hamper used to be, and you think, "Wow, _______ really does occur."

• A) sign tracking
• B) generalization
• C) extinction
• D) spontaneous recovery

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Definitions:

Retail Method

An accounting procedure for estimating the value of a store's merchandise by using the cost to retail price ratio.

Manufacturing Businesses

Companies that produce new products from raw materials through various processes, machinery, and operations.

Period End Assets

The total value of all assets owned by a company at the end of a financial reporting period.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated for reporting and taxation purposes.