____ Serves as a Buffer Between the Various Phases in the Procurement-Production-Sales

question 30

Multiple Choice

____ serves as a buffer between the various phases in the procurement-production-sales cycle of a manufacturing firm.

• A) Cash
• B) Accounts receivable
• C) Notes payable
• D) Inventories

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Definitions:

Law of Immediate Reinforcement

A principle stating that a behavior is more likely to be repeated if it is followed immediately by a positive reinforcement.

Contingent Reinforcement

A behavioral strategy that delivers rewards or consequences based on the occurrence of specific behaviors, aiming to modify those behaviors.

Positive Reinforcement

A psychological concept involving the addition of a rewarding stimulus following a desired behavior to increase the likelihood of its recurrence.

Punishment

Discourages a behaviour by making an unpleasant consequence contingent on its occurrence.