In ABC Analysis,each Class of Inventory Requires Different Levels of Inventory

question 57

True/False

In ABC analysis,each class of inventory requires different levels of inventory monitoring and control.

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Definitions:

Negative Reinforcement

A behavior reinforcement strategy where the removal of an undesirable or aversive stimulus strengthens or increases the likelihood of a behavior.

Positive Reinforcement

The process of increasing the probability of a behavior by following it with a desirable event or outcome.

Likelihood

The probability or chance of an event occurring.

Punishment

A consequence that decreases the likelihood that a behavior will occur.