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In reinforcement theory, the response is the behavior that the person exhibits when she or he encounters the stimulus.
Accrual Basis Accounting
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is received or paid.
Adjusting Entry
An accounting record made to update the financial statements to reflect income earned or expenses incurred but not yet recorded.
Employee Wages
Payment given to workers for their services, usually determined by the hour, day, or work completed.
Net Income
The amount of money remaining after all operating expenses, taxes, and interest have been subtracted from total revenue.
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