Raw Materials, Work in Process, and Finished Goods, Which Are

question 5

Multiple Choice

Raw materials, work in process, and finished goods, which are all forms of investment, are the three types of:

• A) waiting.
• B) overprocessing.
• C) motion.
• D) inventory.
• E) overproduction.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Negative Reinforcement

Negative reinforcement is a behavioral psychology concept where the removal of an unfavorable stimulus strengthens a particular desired behavior.

Law of Effect

A principle stating that behaviors followed by favorable consequences become more likely, and behaviors followed by unfavorable consequences become less likely.

Respondent Behavior

A type of reaction to certain stimuli that is automatic or reflexive, not under voluntary control, typically conditioned through association.