The Set of Procedures Used to Determine the Inventory Levels

question 45

Multiple Choice

The set of procedures used to determine the inventory levels for demand-dependent inventories is called:

• A)the inventory flow log.
• B)materials requirements planning.
• C)a just-in-time inventory system.
• D)the kanban.
• E)the keiretsu.

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Definitions:

Reinforcement

In the context of behavior, it is the process of encouraging or establishing a pattern of behavior through rewards or consequences.

Stimulus Discrimination

The ability of an individual to differentiate between similar stimuli and respond appropriately to each, often used in marketing to distinguish a brand from its competitors.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, leading to alteration in one of the attitudes, beliefs, or behaviors to reduce the discomfort.

Selective Retention

The tendency of individuals to remember more information that is personally meaningful to them while forgetting irrelevant information.