Juan Used to Be a Fairly Generous Individual, but It

question 205

Multiple Choice

Juan used to be a fairly generous individual, but it seemed that whenever he loaned things to people, they were never returned, or they were returned broken. Consequently, Juan is no longer generous. Based on principles of operant conditioning, Juan's lack of generosity is MOST likely a result of ​

• A)punishment.
• B)positive reinforcement.
• C)negative reinforcement.
• D)extinction.

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Definitions:

FIFO Inventory

A rephrased definition: A method to manage and value inventory assuming the first items purchased are the first to leave the warehouse.

Cost of Goods Sold

Direct expenditures associated with producing the items a company offers for sale.

Weighted Average

A calculation that takes into account the differing degrees of importance of the numbers in a data set.

FIFO and LIFO

Inventory valuation methods; FIFO (First In, First Out) assumes that the earliest goods purchased are the first to be sold, while LIFO (Last In, First Out) assumes the reverse.