When a New Person Wishes to Be Admitted into an Existing

question 71

True/False

When a new person wishes to be admitted into an existing partnership that consists of two partners and wishes to obtain an equal share (1/3 share)of the new partnership,the amount that the new person must invest is required to be the average of the capital balances of the existing partners.

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Definitions:

Variable-Interval Schedule

A reinforcement schedule in which the behavior is reinforced after an unpredictable amount of time has passed, creating a steady, consistent response rate.

Fixed-Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, often used in behaviorist research and theories.

Fixed-Interval

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

Variable-Ratio

A reinforcement schedule where rewards are given after a random number of responses, encouraging high and steady response rates.