Which Measure(s) Is(are) Useful in Evaluating the Efficiency in Managing

question 166

Multiple Choice

Which measure(s) is(are) useful in evaluating the efficiency in managing inventories? 1. Inventory turnover
2. Days in inventory

• A)1 only.
• B)2 only.
• C)Both 1 and 2.
• D)Neither 1 nor 2.

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Definitions:

Extinction

In behavioral psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Modeling

A technique in behavioral psychology where individuals learn through observation and imitation of others.

Classical Conditioning

A learning procedure where two stimuli are constantly paired; initially, the second stimulus elicits a response which eventually is elicited by the first stimulus alone.

Vicarious Reinforcement

A process in behavioral psychology where individuals learn through the consequences of actions observed in others, rather than through direct experience.