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According to the Principle of __________,If We Want an Animal

question 51

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According to the principle of __________,if we want an animal to maintain a trick for a long time,we should only reinforce it for correct responses every once in a while.


Definitions:

Optimal Size

Optimal size is the most efficient scale of operation for a firm where it can minimize its cost and maximize its profitability.

Synergy

The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time, used in capital budgeting to assess the profitability of an investment.

Firm Value

The total market value of a company's equity plus its debt, reflecting the overall worth of the company.

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