The Law of Effect Emphasized That Responses Were More Likely

question 95

True/False

The Law of Effect emphasized that responses were more likely to be made if they were followed by some pleasing consequence.

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Definitions:

Financing Activities

Transactions involving changes in equity and borrowings of the company, reported in the cash flow statement.

Net Cash

The difference between a company's total cash inflows and outflows over a specific period.

Operating Activities

Business actions that are directly related to the production, sale, and delivery of products or services, which are reflected in the company's income and cash flow statements.

Cash Basis

A bookkeeping approach that registers income and expenses at the time cash is exchanged, rather than when they are accrued.