After taking this class, you decide to create a financial plan. You follow your plan all through college, allocating the money from your part-time job to pay for necessities and putting some money into a savings account. After you graduate, you receive a job offer that includes a 40,000 a year salary, benefits, and paid vacation. Based on this salary, you adjust the amount you are putting away in savings by increasing it to 250 a month. This is part of which stage of creating a financial plan?
A) Evaluating alternatives for reaching your goals
B) Implementing, monitoring, and revising your financial plan
C) Setting goals
D) Taking control of your finances
E) Creating an emergency fund
Question 2
Your supervisor typically brings donuts to the weekly meeting as a reward for everyone being on time. For the last two weeks, some members were late, so your supervisor stopped bringing donuts to future meetings. This is an example of:
A) positive reinforcement.
B) negative reinforcement.
C) extinction.
D) punishment.
E) two-factor theory.
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