A Company Issues a 60-Day,12% Note for $11,000

question 97

Multiple Choice

A company issues a 60-day,12% note for $11,000.What is the principal amount?

• A) $11,000
• B) $220
• C) $11,220
• D) $10,780

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Definitions:

Punishment

An action that is taken to reduce the likelihood of a behavior recurring by applying an adverse stimulus or removing a positive stimulus following the behavior.

Reinforcement

In psychology, a process by which a stimulus or event strengthens or increases the probability of a response or behavior it follows.

Observational Learning

Learning that occurs through observing the behavior and outcomes of others' actions rather than through direct experience.

Motor Reproduction

The process of imitating or reproducing a specific motor action or behavior, often a phase in observational learning.