Which of the Following Should Determine Whether or Not the Firm

question 81

Multiple Choice

Which of the following should determine whether or not the firm should purchase insurance from an outside party?

• A) Only the frequency of incidents
• B) The cost of the policy and the expected losses
• C) Only the maximum size of incidents
• D) Only the firms normal cash reserves

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Definitions:

Partial-Reinforcement Schedule

A conditioning schedule in which a reward is not administered every time the desired response is performed, typically leading to slower extinction of the behavior than with continuous reinforcement.

Secondary Reinforcers

Stimuli that acquire their reinforcing properties through their association with primary reinforcers, which are inherently rewarding.

Operant Conditioning

A learning process in which the consequences of an action determine the likelihood of it being repeated.

Shaping

A method in operant conditioning by which behaviors are gradually trained or shaped by rewarding approximations of the desired behavior.