Explain the Purposes of a Financial Plan

question 105

Essay

Explain the purposes of a financial plan.

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Definitions:

Gradual Reinforcement

A process in operant conditioning where reinforcement is slowly introduced or varied to shape behavior.

Positive Reinforcer

A stimulus that, when presented after a behavior, increases the likelihood of that behavior occurring again.

Punisher

A stimulus or event that follows a behavior and decreases the likelihood of that behavior occurring in the future.

Conditioned Response

In behavioral psychology, the learned response to a previously neutral stimulus that has become conditioned.