Daniel Wishes to Create a Financial Blueprint for a Future

question 102

Multiple Choice

Daniel wishes to create a financial blueprint for a future period that reflects such items as expected sales revenues,operating expenses,and cash receipts and disbursements.Daniel wants to create a(n) ________.

• A)sales forecast
• B)statement of cash flows
• C)income statement
• D)budget

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Definitions:

2:1 Contingency

A reinforcement schedule where two responses are required for one reinforcement to be given.

Matching Law

A principle stating that in a situation with multiple options for reinforcement, the proportion of responses directed toward an option matches the proportion of reinforcers obtained from that option.

Ratio Schedules

In operant conditioning, schedules that deliver reinforcement after a certain number of responses have been made, either fixed or variable.

Interval Schedules

A type of operant conditioning reinforcement schedule where the first response is rewarded only after a specified amount of time has elapsed.