Damaged and Obsolete Goods

question 57

Multiple Choice

Damaged and obsolete goods:

• A)Are never included in inventory.
• B)Are included in inventory at their full cost.
• C)Are included in inventory at their net realizable value.
• D)Should be disposed of immediately.
• E)Are assigned a value of zero.

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Definitions:

Shaping

A method of operant conditioning by which successive approximations toward a desired behavior are reinforced.

Conditioned Stimulus

A stimulus that initially has no inherent value but acquires significance and the ability to elicit a response through its association with an unconditioned stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers an unconditioned response without prior learning.

Conditioned Response

A learned reaction to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.