Answer:
A) It states a response followed by a reward is more likely to recur in the future.
Explanation:
E.L. Thorndike stated in 1898 that the Law of Effect in psychology is a behavioural term used to describe the attitude of humans towards positive responses. The Law of Effect states that the responses that produce a satisfying effect to a particular situation become more likely to occur again in that situation and responses that produce a discomforting effect become less likely to occur again in that situation. This thus explains the situation when man's senses are programmed to positivity especially when it involves satisfaction. It also means that when a positive thing occurs, there is a strong possibility that it will occur again.
Answer:
E.
Explanation:
Environmental Factors:
-Socio-cultural Factor
-Economical Factor
-Demographical Factor
-Technological Factor
The term "socio-cultural environment" describe the beliefs, values, attitudes,
opinions, and lifestyles of persons in the firm’s external environment as developed from cultural, demographic, religious, educational and ethnic conditioning.
Examples: Lifestyle changes, career expectations, age distribution, regional shifts in population, birth rates, life expectancies, growth rate in population, consumer activism, rate of family formation.
Is used in business or marketing to describe an environment composed of values and behaviours. These elements decide, to a large extent, “what the people will consume and how they will buy”. A socio-cultural environment is a population, and it is described with special attention paid to social and cultural factors.
Answer:
(a) They take a personal stake in the success or failure of the business.
Explanation:
Entrepreneurs are some of the most multiverse, multi -talented and diverse people. They try to perform different roles at same time like they are the project managers, a risk taker, an accountant, a marketer and a salesman etc.
Entrepreneurs play a key role in any economy. These are those that have the talents and initiative necessary to anticipate current and future desires and produce sensible new concepts to the market.
They carefully analyze market conditions and also they take a personal stake in the success or failure of the business.
So, option (a) is correctly fitted.
Answer: Wendy
Explanation:
Wendy married Peter on the condition that his father would give her a million dollars for it.
They even drew up a contract/written agreement to that amount.
Wendy then fulfills her end of the bargain by marrying Peter.
Peter's father as the other party to the agreement now refuses to meet his.
He has broken the terms of the the Agreement so if she sues, she is likely to win.