Using the Probability Approach We Assume That the Demand for Inventory

question 64

True/False

Using the probability approach we assume that the demand for inventory over a period of time is normally distributed.

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Definitions:

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Reward Theory

A psychological principle suggesting that behaviors are motivated by the rewards they produce.

Mere Exposure Effect

An occurrence in psychology where people begin to favor things just because they have been exposed to them before.

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