​Which of the Following Is NOT True Concerning the Use

question 55

Multiple Choice

​Which of the following is NOT true concerning the use of punishment in behavior modification?

• A) ​it can involve the presentation of a stimulus event
• B) ​it typically involves the use of a painful stimulus
• C) ​its use can be controversial
• D) ​it can involve the removal of a stimulus event

Differentiate between the direct write-off and allowance methods of accounting for bad debts.

Estimate and adjust the allowance for doubtful accounts based on receivables analysis.

Understand the role and impact of accounts receivable on business liquidity.

Understand the importance and function of maintaining adequate records for internal control.

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Definitions:

Mistake

In legal terms, an erroneous belief, at contracting, that certain facts are true.

Fraudulent Misrepresentation

The act of intentionally making false statements to induce another party into a contract, resulting in harm or loss.

Express False Statement

An explicitly communicated untrue assertion, which can be a basis for a claim of deceit or fraud.

Mutual Mistake

An error shared by all parties to a contract, concerning a basic assumption on which the contract was based, that has a material effect on the agreed performance.