The Following Data Refer to Various Annual Costs Relating to the Inventory

question 22

Multiple Choice

The following data refer to various annual costs relating to the inventory of a single-product company that requires 10,000 units per year: What is the annual carrying cost per unit?

• A)$ .21
• B)$ .29
• C)$ .34
• D)$ .44

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Definitions:

Higher-Order Reinforcement

A process in which reinforcement is given for behavior that meets or exceeds a previously established criterion of performance.

Secondary Reinforcement

A conditioning process where a stimulus reinforces a behavior after it has been associated with a primary reinforcer.

Shaping

A method of operant conditioning by which successive approximations of a desired behavior are reinforced until the exact behavior is achieved.

Generalization

The process in psychology by which a response is made to a stimulus that is similar to, but not identical to, the stimulus that conditioned the response.