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Statistics Are Necessary Because

question 14

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Statistics are necessary because:

Understand the significance of quality costs and their impact on business operations.
Understand the principles and objectives of responsibility accounting.
Comprehend the concept and calculation of residual income.
Learn the use and implications of return on investment (ROI) for managerial performance evaluation.

Definitions:

Unconditioned Stimuli

A stimulus that naturally triggers a reflexive response without prior conditioning.

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or shelter, which is inherently rewarding.

Token Economy

A behavioral modification technique based on systematic reinforcement, using tokens as a form of currency that can be exchanged for desired rewards.

Shaping

The process of reinforcing successive approximations of a desired behavior to teach new behaviors.

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