Which of the Following Is TRUE of Finished Goods Inventory

question 92

Multiple Choice

Which of the following is TRUE of Finished Goods Inventory?

• A) Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold.
• B) Finished Goods Inventory is an account used by a merchandiser and includes completed goods that have not yet been sold.
• C) Finished Goods Inventory is an account used by service companies in lieu of raw materials inventory.
• D) Finished Goods Inventory is an account used by a manufacturer in lieu of raw materials inventory.

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Definitions:

Skinner

B.F. Skinner, an American psychologist known for his work in developing the theory of operant conditioning, emphasizing the role of reinforcements in shaping behavior.

Reinforcement

A process in behavioral psychology where a behavior increases in frequency because it is followed by a rewarding stimulus.

Antecedent

Anything that occurs before a behavior that may trigger or cause a certain behavior to occur, often used in the analysis of behavior patterns.

Consequence

The result or effect of an action or condition, often seen in terms of how it affects an earlier event.