Option 3 in This Scenario Is an Example of

question 107

Multiple Choice

Option 3 in this scenario is an example of

• A) Positive reinforcement.
• B) Punishment.
• C) Negative reinforcement.
• D) Extinction.
• E) Psychological contract.

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Definitions:

Contra-Revenue

Accounts on the income statement that are deducted from gross revenue to arrive at net revenue, such as sales returns, allowances, and discounts.

Operating Expense

Costs related to the daily operations of a business, excluding the cost of production.

Credit Terms

The payment terms and conditions agreed upon by the buyer and seller, detailing the time period in which the buyer must pay the seller for the goods or services received.

Merchandise

Goods that are purchased, held, and resold by a business in the normal course of its operations.