Which of the Following Are Reasons for Keeping Inventory

question 4

Multiple Choice

Which of the following are reasons for keeping inventory?
I. To allow for goods in transit.
II. To build up stock for seasonal demand.
III. To reduce production costs.
IV. To guard against uncertainty in supply and demand.

• A) I, II and III only
• B) II, III and IV only
• C) II and IV only
• D) all the above are valid reasons

Identify the contributions of key figures (e.g., B. F. Skinner, Martin Seligman, Albert Bandura) to the psychology of learning.

Differentiate between continuous and partial reinforcement schedules and their effects on behavior.

Describe behavior modification techniques and their applications.

Understand the principle of observational learning and its components.