2/15 Net 45 Translates as 2 Percent of the Balance

question 296

True/False

2/15 net 45 translates as 2 percent of the balance is due in 15 days; the remaining balance is due in 45 days.

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Definitions:

Antecedent

An event or occurrence that precedes and influences the behavior, often used in behavior analysis and psychology.

Behaviour Modification

A therapy approach that aims to change undesirable behaviors through the use of positive or negative reinforcement.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Biological Preparedness

A concept in psychology that suggests organisms are innately predisposed to form associations between certain stimuli and responses.