The Length of Time Between the Acquisition of Inventory by a Firm

question 97

Multiple Choice

The length of time between the acquisition of inventory by a firm and the payment by the firm for that inventory is called the:

• A) operating cycle.
• B) inventory period.
• C) accounts receivable period.
• D) accounts payable period.
• E) cash cyclE.

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Definitions:

Shaping

A method used in behavioral psychology to gradually train a new behavior by reinforcing successive approximations of the target behavior.

Discrimination

Unfair or prejudicial treatment of individuals based on their characteristics such as race, gender, age, or sexual orientation, resulting in denial of opportunities or rights.

Generalization

The process in which a response is elicited by stimuli that are similar to the original conditioned stimulus in classical conditioning.