For Proper Matching of Revenues and Expenses, the Estimated Cost

question 120

True/False

For proper matching of revenues and expenses, the estimated cost of fringe benefits must be recognized as an expense of the period during which the employee earns the benefits.

---

Definitions:

Observational Learning

The acquisition or modification of a behavior after exposure to at least one performance of that behavior.

Operant Conditioning

A training technique that adjusts the potency of a conduct via positive reinforcement or disciplinary measures.

Classical Conditioning

A type of learned response in which a neutral object comes to elicit a response when it is associated with a stimulus that already produces a response.

Long-term Potentiation

A long-lasting enhancement in signal transmission between two neurons that results from their synchronous stimulation.