Figure 13-1 -Refer to Figure 13-1. Suppose the Production Function Shifts from Function

question 61

Multiple Choice

Figure 13-1
-Refer to Figure 13-1. Suppose the production function shifts from TP2 to TP1. Such a shift in the total product curve is most likely due to a decrease in the firm's

• A) costs of production.
• B) product price.
• C) market share.
• D) productivity.

Recognize the importance of separate ledger accounts for different forms of cash.

Understand the enhancement of internal control through the separation of functional responsibilities.

Identify the procedures and significance of a voucher system in accounting for payables.

Interpret the meaning of the Cash Short and Over account and its implications.

---

Definitions:

Positive Consequences

Outcomes or results of an action that are beneficial or desirable, encouraging the repetition of the behavior that led to them.

Positive Reinforcement

A method of strengthening desired behavior by offering motivating incentives or rewards when the behavior is exhibited.

Extinction

A reinforcement contingency in which a behavior is followed by the absence of any consequence, thereby reducing the likelihood that the behavior will be repeated in the same or similar situations.

Negative Reinforcement

A type of conditioning where an undesirable outcome or event is removed following a behavior, increasing the likelihood of that behavior's occurrence in the future.