Shannon and Art Are Each 10% Partners in the Such-A-Deal

question 16

Essay

Shannon and Art are each 10% partners in the Such-A-Deal Partnership. Due to several years of partnership operating losses, both Shannon and Art have a zero basis in their partnership interests. For the current year, the partnership is incurring a loss of $100,000. When he hears the news about the loss, Shannon tells Art he wishes the partnership management would go to the local bank and borrow "a couple of hundred thousand dollars." Art does not understand why Shannon would want the partnership to go into debt. The concept of debt makes Art very nervous; Art personally does not borrow money. In fact, Art does not even use credit cards. Explain to Art why Shannon wants the partnership to incur more debt. Also, comment on why Art's general concerns about debt have merit, specifically focusing on the partnership debt.

Recognize the effects of punishment and how its effectiveness can be influenced by various factors.

Understand the application of behavioral principles to real-life situations, such as sleep and child discipline.

Comprehend how stimulus generalization applies in operant conditioning.

Learn about extinction processes in both classical and operant conditioning and how behavior is affected.

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Definitions:

Proactive Interference

A phenomenon where old information prevents the recall of newly learned information.

Retroactive Interference

A situation where the creation of new memories hinders the ability to recall older memories.

Nonsense Syllables

A string of letters that does not correspond to a word in any language, used in psychological experiments on memory and learning.

Proactive Interference

A phenomenon where old information stored in memory interferes with the ability to learn and remember new information.