Marcus Enterprises began in 2011 when Damien Marcus invested $8,000 in exchange for capital stock. The following is the work sheet for the company at the end of the first year in business.
Marcus Enterprises
Work Sheet
For the Year Ended December 31, 2011
Prepare the required closing entries for Marcus Enterprises for the year ended December 31, 2011.
Definitions:
Stimulus Generalisation
The process by which a conditioned response is triggered by stimuli similar to the original stimulus in classical conditioning.
Spontaneous Recovery
The reappearance of a previously extinguished conditioned response after a pause, without any additional conditioning.
Operant Conditioning
A method of learning that occurs through rewards and punishments for behavior, encouraging the occurrence of desired behaviors.
B. F. Skinner
An influential American psychologist known for his work in behaviorism and the development of the theory of operant conditioning.
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