If a Company Strongly Prefers That Its Aggregate Output Plan

question 20

Multiple Choice

If a company strongly prefers that its aggregate output plan be closer to a level plan than a chase plan, this implies that it is concerned about minimizing:

• A)Inventory carrying costs.
• B)Hiring and layoff costs.
• C)Cost of subcontracting.
• D)Overtime cost

Describe the effects of reinforcement on behavior modification and its application in the workplace.

Understand the principle of reciprocation and its application in social influence techniques.

Identify and describe various social influence techniques, including foot-in-the-door, low-ball, bait-and-switch, and labeling techniques.

Distinguish between informational and normative influences in shaping private acceptance of beliefs.

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Definitions:

Average Cost

A method of inventory valuation that determines the cost of goods sold and ending inventory based on the average cost of all similar items in inventory.

Ending Inventory

The price of stock available for transaction at the termination of an accounting interval.

FOB Destination

A shipping term indicating that the seller bears the shipping costs and remains responsible for the goods until they are received and signed for by the purchaser.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and the shipping costs as soon as the goods leave the seller's premises.