Continuous Inventory Systems Are Also Referred to as a Fixed-Order-Quantity

question 29

True/False

Continuous inventory systems are also referred to as a fixed-order-quantity system.

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Definitions:

Operant Process

The method by which behaviors are modified through the consequences of those behaviors, emphasizing reinforcement and punishment.

Negative Reinforcement

A concept in behavioral psychology where the removal of an unpleasant stimulus in response to a desired behavior increases the likelihood of that behavior being repeated in the future.

Aversive Punishment

A form of behavior modification that involves presenting an unpleasant stimulus to decrease the likelihood of a behavior's recurrence.

Negative Reinforcement

The removal of an unpleasant stimulus to increase the likelihood of a behavior being repeated.