Explain Rotter's Concepts of Internal and External Control of Reinforcement

question 40

Essay

Explain Rotter's concepts of internal and external control of reinforcement.

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Definitions:

Two Years

A time period equal to 24 months or 730 days, often cited in various contexts such as investment holding periods for tax purposes.

Personal-use Asset

An asset primarily used for personal enjoyment or living purposes, not for business or investment aims.

Like-kind Exchange

A tax-deferred transaction allowing for the disposal of an asset and the acquisition of another similar asset without generating a tax liability from the sale of the first asset.

Installment Method

A tax procedure that allows the taxpayer to spread the income and taxes owed on the sale of property over the period in which the payments are received.