A Balloon Popped and Made Bobby Cry

question 164

Multiple Choice

A balloon popped and made Bobby cry. It happened again when he was at a friend's birthday party. Now when Bobby sees a balloon, he starts to cry. According to the behaviorist perspective, Bobby cries in response to the balloon because of _____.

• A) operant conditioning
• B) observational learning
• C) classical conditioning
• D) modeling

Understand the impact of cost drivers (such as student numbers, course count, guests, jeeps, etc.) on budgeting.

Understand the role of planning budgets in financial management.

Interpret income statements to identify variances from budgeted figures.

Evaluate the financial health of a business by analyzing its budget variances.

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Definitions:

Bullwhip Effect

The increasing fluctuation in orders that often occurs as orders move through the supply chain.

Orders Decrease

A situation where the number of orders for products or services is reducing, potentially impacting company revenue and production planning.

Unique-Event

A singular occurrence that is distinct in nature, not expected to repeat under normal circumstances.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.