A business owner is considering different compensation plans for her sales force. Identify what schedule of reinforcement is reflected in each of the following plans, making sure you explain why each answer is correct: The owner will pay a $1,500 bonus each time a hundred units are sold. The owner will have a lottery each month. Each salesperson will get one lottery ticket for every one hundred units sold. The salesperson with the winning ticket will get $5,000. The owner will pay each salesperson a monthly salary that does not depend on units sold.

What is the most important type of decision that the financial manager makes?

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

For each example identify the most appropriate ctso