Modern Civilization as We Know It Could Not Have Developed

question 37

Multiple Choice

Modern civilization as we know it could not have developed without:

• A) its disinterest in science.
• B) complacent attitudes.
• C) its technological base.
• D) lack of interest in economic development.

Understand the concept of credit scoring and its application in credit evaluation.

Analyze the impact of economic conditions on a firm’s credit policy.

Calculate the cost of credit and evaluate its implications for payment management.

Understand and differentiate among various inventory management systems and their impact on operations.

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Definitions:

Operant Conditioning

A learning process whereby behaviors are influenced by consequences, including reinforcement and punishment, as proposed by B.F. Skinner.

Fundamental Principle

A basic concept or underlying rule that is foundational to a system, theory, or scientific discipline, guiding thinking and action.

Favourable Consequences

Positive outcomes or rewards that are likely to encourage a particular behavior to be repeated.

Primary Reinforcer

A stimulus that satisfies a basic survival need and thus inherently reinforces and increases the likelihood of a behavior associated with it.