A Retail Store Increases Customer Interaction and Service Provided to Their

question 63

Multiple Choice

A retail store increases customer interaction and service provided to their customers by salespeople by giving the salespeople a sales commission each time they make a sale to a customer.This is an example of:

• A)tacit knowledge
• B)behavior modification
• C)social learning
• D)a variable ratio schedule of reinforcement
• E)both 'B' and 'D'

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Definitions:

Prepaid Expense

An expense paid in advance of its due period, recorded as an asset on the balance sheet until it is actually incurred and then shifted to an expense account.

Adjusting Entries

Journal entries made in accounting to adjust income and expense accounts so that they comply with the accrual concept.

Journal Entries

Records of financial transactions in the order they occur, which are then posted to the appropriate accounts.

Debits

Entries in accounting that increase an asset or expense account, or decrease equity, liability, or revenue accounts.