All Companies Need to Count Their Inventory at Least Once

question 41

True/False

All companies need to count their inventory at least once a year.

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Definitions:

Acquiescent Response Set

Tendency to agree with items in an attitude questionnaire. This leads to an ambiguity in interpretation if a high score on an attitude questionnaire can be obtained only by agreeing with all or most items.

Mere Exposure Effect

A mental effect where people start liking things simply because they know them well.

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.

Multiple Act Criterion

A standard in social and behavioral research that emphasizes judging behaviors or actions based on a series of observations, rather than a single instance.