Whitney, Inc

question 158

Multiple Choice

Whitney, Inc., produces a single product. The following data pertain to one month's operations:
-The carrying value on the balance sheet of the ending finished goods inventory under absorption costing would be:

• A)$16,000
• B)$10,000
• C)$12,000
• D)$21,000

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Definitions:

Operant Learning

A learning approach that involves the use of consequences and reinforcements for actions, where a link is established between a specific behavior and its outcome.

Observational Learning

Learning that occurs through observing the behavior of others and the outcomes of those behaviors.

Reinforcement

A concept in behaviorism that describes any stimulus which strengthens or increases the probability of a specific response.

Attention

Actively paying attention to a specific part of the environment, while omitting to notice other aspects.