Which Account Is Used in Just-In-Time Processing

question 99

Multiple Choice

Which account is used in just-in-time processing?

• A) Raw Materials Inventory
• B) Work-in-Process Inventory
• C) Merchandise Inventory
• D) Raw and In-Process Inventory

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Definitions:

Fixed-interval

In behavioral psychology, this is a reinforcement schedule that delivers a reward for the first response following a predetermined time interval.

Variable-ratio

A reinforcement schedule in which a response is reinforced after an unpredictable number of responses, which tends to produce high rates of response.

Fixed-ratio

A reinforcement schedule in which a response is rewarded after a predetermined number of responses.

Variable-interval

A reinforcement timetable in which a response is reinforced following a random duration of time.