Examlex
Discuss the following statement:"Operating cycles for all merchandising businesses are the same, with similar profit margins."Include an example
(s) to illustrate your explanation.
Externality
A term in economics that describes a cost or benefit that affects a party who did not choose to incur that cost or benefit.
Internality-Externality
A psychological dimension that distinguishes between individuals who attribute outcomes to their own control (internality) and those who attribute them to external forces (externality).
Locus of Control
Locus of control is a psychological concept that refers to individuals' belief about the extent to which the outcomes of their actions are under their own control (internal locus) or influenced by external factors (external locus).
Reinforcement Contingency
Reinforcement contingency is a term in behavioral psychology that refers to the relationship between a behavior and its consequence, emphasizing that a behavior must be followed by a reinforcement for the behavior to be increased.
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