Which of the Following Represents the Correct Order in Which

question 92

Multiple Choice

Which of the following represents the correct order in which inventories are reported on a manufacturer's balance sheet?

• A)Raw materials, work in process, finished goods
• B)Work in process, finished goods raw materials
• C)Finished goods, work in process, raw materials
• D)Work in process, raw materials, finished goods

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Definitions:

Discriminative Stimulus

A stimulus in the presence of which a particular response is reinforced, helping to differentiate it from other stimuli where the response would not be reinforced.

Operant Conditioning

A learning process in which the likelihood of a behavior is increased or decreased through reinforcement or punishment.

Reinforcement

A process in behavioral psychology that increases the likelihood of a behavior being repeated, through positive or negative stimuli.

Discriminative Stimulus

A stimulus in the environment that increases the probability of a particular behavioral response due to its association with a reinforcement or punishment.