The First Step Take in Liquidating a Partnership Is To

question 9

Multiple Choice

The first step take in liquidating a partnership is to:

• A)sell the assets.
• B)divide profits on assets with partners.
• C)pay creditors.
• D)distribute the remaining cash according to partners' capital balances.

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Definitions:

Differential Reinforcement Schedule

A schedule of reinforcement in which a specific number of behaviors must occur within a specified time in order for reinforcement to occur

Variable-Ratio Schedule

A reinforcement schedule in which a response is rewarded after an unpredictable number of responses, leading to a high and steady rate of responding because the exact number varies.

Fixed-Ratio Schedule

A type of reinforcement schedule where a response is reinforced only after a specified number of responses, leading to a high and steady rate of response.

Fixed-interval Schedule

A reinforcement schedule that provides reinforcement for the first response made after a fixed duration of time has passed.