Briefly describe Edward Thorndike's law of effect.
What will be an ideal response?
Edward Thorndike formulated the law of effect: Behavior that is followed by positive consequences probably will be repeated. This powerful law of behavior laid the foundation for countless investigations into the effects of the positive consequences, called reinforcers, that motivate behavior.
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Serena purchased a home for $220,000, insuring it for $120,000 with Falcon Insurance. She later purchased a $60,000 policy from Devon Life. The home was totally destroyed by fire six months later. Under these circumstances, which of the following statements is true?
A. Serena cannot recover $180,000-the total of both policies. B. She cannot claim insurance from either as policies with pro rata clauses cover only partial losses. C. Serena cannot claim more than $60,000 from Devon Life. D. Serena can claim the entire damages, $220,000, only from Falcon Insurance as its policy amount is greater.
Based on the following, what is the total product cost flexible budget variance?
A) $925 F
B) $450 U
C) $725 F
D) $725 U
Experts recommend that thought leaders analyze industry developments, predict trends, and speculate about current events
Indicate whether the statement is true or false
The most common form of business ownership is the corporation
a. True b. False Indicate whether the statement is true or false