A Statement About Why an Organization Exists and What It

question 157

True/False

A statement about why an organization exists and what it is trying to achieve is called the organization's directive.

Recognize differences and similarities between IFRS and GAAP in accounting practices.

Understand the concept and application of double-entry accounting worldwide.

Know the proper treatment of business transactions (increases and decreases) in the double-entry system.

Understand the effects of business transactions on the accounting equation.

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Definitions:

Continuous Reinforcement

Administers a reward each time a desired behavior occurs.

Intermittent Reinforcement

Intermittent reinforcement rewards behavior only periodically.

Pavlov's Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Stimulus

A stimulus is any event or situation that evokes a response or reaction from someone or something.