Despite the Advantages, Some Firms Are Reluctant to Use Third

question 77

Multiple Choice

Despite the advantages, some firms are reluctant to use third party logistics firms because:

• A)of the diminished direct contact with customers.
• B)they lose direct control of the logistics process.
• C)of the problems associated with terminating internal operations.
• D)all of the answer choices.
• E)both they lose direct control of the logistics process and of the problems associated with terminating internal operations.

Explain the process and effects of extinction on behavior.

Detail the principles of stimulus generalization and stimulus discrimination.

Illustrate the concept of avoidance conditioning.

Understand the use of reinforcement schedules and their impact on behavior.

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Definitions:

Financial Leverage

The use of borrowed funds to finance the purchase of assets with the expectation that the income or capital gain from the new assets will exceed the cost of borrowing.

EBIT

A measure of a firm's profit that disregards expenses from interest and income taxes, termed as Earnings Before Interest and Taxes.

ROE

Return on Equity, a financial ratio indicating the profitability of a business in relation to its equity, measuring how effectively investment funds are utilized.

Fixed Costs

Regardless of how much is produced or sold, certain costs like rent, employee salaries, and insurance payments do not vary.