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On the first trial, a rat in a Skinner box is reinforced for the first bar press it makes after 50 seconds have elapsed. On the second trial, the first bar press after 70 seconds is reinforced. Although it varies from trial to trial, the average works out to one reinforcer every 60 seconds. The rat is on a _____ schedule of reinforcement.
Limited Liability
Freedom of stockholders from personal liability for the debts of the corporation.
Double Taxation
A taxation principle referring to income taxes that are paid twice on the same source of earned income, often seen in corporate dividends.
Limited Liability
A legal structure for a business where the owners' personal assets are protected from the company's debts and liabilities, limiting their risk to the amounts they have invested in the company.
Mutual Agency
A legal principle in partnership businesses where each partner is authorized to act on behalf of the partnership and bind it in contracts.
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