You're Responsible for Keeping Track of Inventory for a Huge

question 18

Multiple Choice

You're responsible for keeping track of inventory for a huge, national chain of bookstores, which is challenging since thousands of products are constantly being delivered, stocked, sold, and transferred through your stores. So, if you could employ any supply chain management system to make your job easier, which of the following would you choose?

• A) RFID, a tool that requires placing a tiny tracking chip on all materials
• B) ERP, an integrated software that consolidates data from all of your stores
• C) Logistical cost control, a method of evaluating how to add value for your customers through logistical changes
• D) Value chain management, a means of managing the complete sequence of suppliers and activities that contribute to the delivery of goods

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Definitions:

Negative Reinforcement

Increasing behaviors by stopping or reducing aversive stimuli. A negative reinforcer is any stimulus that, when removed after a response, strengthens the response. (Note: Negative reinforcement is not punishment.)

Punishment

An event that tends to decrease the behavior that it follows.

Positive Punishment

An operant conditioning principle where a response is followed by a stimulus, leading to a decrease in the likelihood of that response occurring in the future.

Negative Reinforcer

A stimulus whose removal or avoidance following a behavior increases the likelihood of that behavior being repeated in the future.