The Following Information Appears in Molsone Company's Records for the Year

question 55

Multiple Choice

The following information appears in Molsone Company's records for the year ended December 31:

On December 31,a physical inventory revealed that the ending inventory was only $210,000.Molsones gross profit on net sales has remained constant at 30 percent in recent years.Molsone suspects that some inventory may have been pilfered by one of the company's employees.At December 31,what is the estimated cost of missing inventory?

• A)$75,000
• B)$82,500
• C)$210,000
• D)$292,500

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Definitions:

Immediate Reinforcement

The instant reward following a specific behavior, intended to increase the likelihood of that behavior being repeated.

Punishment

A consequence delivered following an undesired behavior, intended to decrease the likelihood of that behavior occurring in the future.

Delayed Partial Reinforcement

A reinforcement strategy in which not every response made by the subject is reinforced, and the reinforcement is not immediately administered.

Self-Regulation

The use of learning principles to regulate one’s own behaviour.