Although Small Lot Sizes Are Beneficial to Operations, They Have

question 122

Short Answer

Although small lot sizes are beneficial to operations, they have the disadvantage of increasing the frequency of ________ .

Understand the relationship between direct labor, variable overhead, and their budgeted costs.

Apply budgeting principles in various organizational contexts (i.e., businesses and non-profit organizations).

Differentiate between different budgeting techniques and their application in the private and public sector.

Analyze financial performance based on budgeted vs. actual outcomes.

---

Definitions:

Ratio Schedules

Are partial reinforcement schedules in which behavior is reinforced as a function of how many times the behavior occurs—for example, rewarding someone every fifth time a desired behavior occurs.

Continuous Schedules

Work schedules or production plans that operate non-stop, typically 24 hours a day, often applied in industries that require constant operation.

Extinction

Also a term from reinforcement theory, extinction refers to the situation in which a behavior is followed by no consequences and eventually disappears.

Underpayment Inequity

A situation where a person perceives that they receive less compensation than they deserve, compared to others in similar positions.