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A company reported the following data:
Required:
1. Calculate the days' sales in inventory for each year.
2. Comment on the trend in inventory management.
Punishment
A consequence or penalty imposed for wrongdoing or breach of rules, intended to modify behavior through negative reinforcement.
Negative Reinforcement
A psychological principle involving the removal of an unpleasant stimulus to increase the likelihood of a desired behavior occurring again.
Law of Contingent Reinforcement
A principle stating that the effectiveness of reinforcement depends on its delivery contingent upon the occurrence of a specific behavior.
Organizational Behavior Modification
Organizational behavior modification is the use of extrinsic rewards to systematically reinforce desirable work behavior and discourage undesirable behavior.
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