Identify the False Statement Regarding How Product Costs in a Manufacturing

question 126

Multiple Choice

Identify the false statement regarding how product costs in a manufacturing company differ from product costs in a service or merchandising company.

• A) Both manufacturing companies and service companies incur costs for supplies.
• B) Manufacturing companies accumulate product costs in inventory accounts, while service companies do not.
• C) Products of service companies such as restaurants are consumed immediately.
• D) Most labor costs for merchandising companies are treated as product costs.

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Definitions:

Punishing Reinforcement

A term that amalgamates concepts incorrectly; in behaviorism, punishment is used to decrease a behavior's occurrence, whereas reinforcement is used to increase it.

Positive Punishment

A technique in behavior modification that involves the introduction of an unfavorable outcome or event following an undesirable behavior, with the intention of decreasing the likelihood of the behavior occurring again.

Negative Punishment

A type of behavior modification that involves the removal of a desirable stimulus after a behavior to decrease the likelihood of that behavior occurring again.

Negative Reinforcement

A behavioral principle where the removal of an unfavorable event or outcome after the display of a behavior increases the likelihood of that behavior in the future.