Clark Exploration Corporation Was Organized and Began Operations on October

question 16

Multiple Choice

Clark Exploration Corporation was organized and began operations on October 1,2013.It incurs $41,000 in legal fees to obtain the corporate charter.The corporation elects to expense its organizational costs over the shortest allowable period.What amount will Clark report for organizational expenses for 2013?

• A)$ 2,050
• B)$ 4,100
• C)$ 5,000
• D)$ 5,600
• E)$41,000

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Definitions:

Variable Interval

A schedule of reinforcement where a response is rewarded after a varying interval of time, making the timing of the reward unpredictable.

Variable-ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses, leading to high and steady rates of response.

Fixed-ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses.

Fixed-interval

Refers to a schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, commonly used in behavioral psychology.