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The anticipated purchase of a fixed asset for $400,000, with a useful life of 5 years and no residual value, is expected to yield total net income of $300,000 for the 5 years. The expected average rate of return is 30%.
Reinforcement
A concept in behaviorism that refers to any event that strengthens or increases the likelihood of a behavior being repeated.
Fixed Number
A fixed number usually refers to a constant quantity or value that does not change in a given context, such as a fixed number of repetitions in an experiment.
Fixed-ratio Schedule
A schedule of reinforcement where a response is reinforced only after a specified number of responses have been made.
Reinforcement
In behavioral psychology, a process in which a behavior is strengthened or made more likely to occur again by rewarding it or providing a positive stimulus.
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