A Lower Days' Sales in Inventory for Company X When

question 33

Multiple Choice

A lower days' sales in inventory for Company X when compared to other companies, indicates that Company X:

• A)is able to sell its inventory quickly.
• B)is spending more on inventory storage.
• C)is incurring higher insurance costs.
• D)is holding excess obsolete inventory.

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Definitions:

Respondent Behavior

Behavior that occurs as an automatic response to some stimulus.

Generalization

The tendency, once a response has been conditioned, for stimuli similar to the conditioned stimulus to elicit similar responses.

Operant Conditioning

A type of learning in which behavior is strengthened if followed by a reinforcer or diminished if followed by a punisher.

Observational Learning

Acquiring behaviors through the observation and replication of others' actions.