Which of the Following Is Claimed by the Law of Effect

question 69

Multiple Choice

Which of the following is claimed by the Law of Effect?

• A) The strength of the reward has no bearing on behaviours
• B) Punishment has no impact on undesired behaviours
• C) Behaviours followed by a reward are strengthened
• D) Punishment is more effective than rewards

Identify the components and importance of a personal balance sheet.

Recognize the significance of savings ratio and how to calculate it.

Understand the role of opportunity costs in financial decision making.

Differentiate between assets and liabilities, including their classifications.