Which Account Is Least Likely to Have a Subsidiary Ledger

question 98

Multiple Choice

Which account is least likely to have a subsidiary ledger?

• A)sales
• B)accounts receivable
• C)fixed assets
• D)inventory

Evaluate theoretical models (Hull-Spence, Kohler, Sutherland and MacKintosh) of discrimination learning.

Understand the concept of errorless discrimination training and its applications.

Identify the interchangeability of Pavlovian occasion setters with discriminative stimuli.

Comprehend the process and stages of discrimination learning.

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Definitions:

Cournot Solution

The Cournot Solution is an equilibrium concept in oligopoly theory where firms choose their output levels simultaneously and each firm's decision is based on the output levels of its competitors.

Stackelberg Model

A strategic game in economics where one firm, the leader, sets its output level first, and then the follower firms set their output levels, taking the leader's output as given.

Oligopoly Model

An economic model that describes a market structure in which a few firms dominate the industry and have the ability to influence prices and market outcomes.

Competitive Market

A market structure in which many firms offer products or services that are similar, leading to high levels of competition.