The "Law of Effect" Was First Proposed in the Modern

question 215

Multiple Choice

The "law of effect" was first proposed in the modern scientific community by __________.

• A) James
• B) Skinner
• C) Thorndike
• D) Pavlov

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Definitions:

Replacement Chain Method

A capital budgeting technique that compares different investment projects with unequal lifespans by calculating their equivalent annual cost.

Equivalent Annual Annuity

Equivalent Annual Annuity is a calculation used to compare the annualized cash flows of projects or investments with different durations.

Unequal Lives

Unequal lives refer to the comparison of investments or projects that have different durations or lifespans, complicating the analysis of their profitability or worth.

Positive Cash Flows

A situation where the cash inflows in a given period are greater than the cash outflows, indicating financial health.