Which of the Following Laws States That Behavior That Is

question 77

Multiple Choice

Which of the following laws states that behavior that is followed by positive consequences will likely be repeated?

• A)the law of consequences
• B)the law of repetition
• C)the law of demand
• D)the law of effect
• E)the law of definite proportion

Understand the role of depreciation in financial planning and its effect on net income.

Analyze the impact of operating expenses on profitability.

Develop competency in preparing components of a master budget including sales, production, direct materials, direct labor, and overhead.

Appreciate the importance of effective cash management in operations.

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Definitions:

Production

Is the human capacity to make and use tools. It improves our ability to take what we want from nature.

Abstraction

The human capacity to create general ideas, or ways of thinking that are not linked to particular instances. For example, languages, mathematical notations, and signs allow us to classify experience and generalize from it.

Cooperation

The process of working together towards a common goal or benefit, often requiring compromise and collective effort.

Conflict

A situation or process in which individuals, groups, or entities have opposing ideas, interests, or objectives resulting in tension or struggle.