Explain the Meaning of the Requirement for the Existence of a Partnership

question 61

Essay

Explain the meaning of the requirement for the existence of a partnership that the people carrying on the business have a "view to a profit."

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Definitions:

DRO Schedule

A Differential Reinforcement of Other behavior schedule involves reinforcing a subject for exhibiting any behavior other than a target behavior, used in behavior modification programs.

Reinforcement

Reinforcement in psychology is a concept in behaviorism that increases the likelihood of a response by following it with a positive stimulus or the removal of a negative one.

Partial Reinforcement Effect

The tendency for a behavior to become more resistant to extinction following intermittent reinforcement than after continuous reinforcement.

Behavioral Contrast Effect

A phenomenon observed in conditioning where the response to a conditioned stimulus changes when an alternative stimulus is presented with different reinforcement conditions.