Price Is What the Business Is Actually Worth; Value Is

question 71

True/False

Price is what the business is actually worth; value is what the buyer agrees to pay.

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Definitions:

Respondent Behavior

Reactions that are automatic and involuntary, typically elicited by specific stimuli, contrasted with operant behavior, which is influenced by its consequences.

Extinguishable Behavior

A learned response that decreases in frequency or disappears when it is no longer reinforced in a behavioral psychology context.

Fixed-Interval

A schedule in operant conditioning where rewards (reinforcements) are given at fixed times, provided the correct response is made.

Continuous

Without pause or interruption; unending over time or space.