Identify and Describe Two Ways in Which Labor Force Trends

question 72

Essay

Identify and describe two ways in which labor force trends can impact incentive and reward programs that are used by an organization.

Recognize the importance of immediate reinforcement in learning and behavior modification.

Understand the function of conditioned reinforcers in establishing and maintaining new behaviors.

Identify effective strategies for reducing undesired behaviors and increasing desired behaviors through operant conditioning techniques.

Understand the role of operant conditioning in real-world settings and personal habits.

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Definitions:

Present Value

The current value of a sum of money or cash flows expected in the future, discounted at a given return rate.

Initial Cost

The upfront expenditure associated with the acquisition of an asset or the launch of a project.

Net Present Value

A valuation method used to estimate the attractiveness of an investment, by calculating the present value of expected future cash flows minus the initial investment cost.

Cash Flow

The overall volume of cash and cash-equivalents that are exchanged in and out of a business entity.