If a Firm Has an Inventory Turnover of 15, the Firm

question 80

Multiple Choice

If a firm has an inventory turnover of 15, the firm:

• A)sells its entire inventory every 15 days.
• B)stocks its inventory only once every 15 days.
• C)delivers inventory to its customers every 15 days.
• D)sells its inventory by granting customers 15 days' of free credit.
• E)sells its entire inventory an average of 15 times each year.

---

Definitions:

Reinforcers

Stimuli, events, or conditions that increase the likelihood of a behavior being repeated.

Reinforcement

In operant conditioning, any event that strengthens the behavior it follows.

Successive Approximations

A method of shaping behavior by rewarding actions that are progressively closer to the desired behavior.

Shaping

The process of reinforcing closer and closer approximations to a desired behavior in order to teach a new behavior.