When a Buyer Agrees to Purchase All the Goods Produced

question 126

True/False

When a buyer agrees to purchase all the goods produced by a seller, it is called an output contract.

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Definitions:

Punishing Contingency

An approach in management or behavioral psychology where negative consequences are applied to reduce or eliminate undesirable behavior.

Operant Conditioning

A training technique where the vigor of a conduct is adjusted by the use of reinforcements or sanctions.

Classical

Relating to traditional concepts, styles, or methods that have been established over a long period.

Organizational Behavior

The study of how individuals and groups act within the constructs of an organization, and the impact these behaviors have on organizational functioning.