Which One of the Following Is Implied by a

question 157

Multiple Choice

Which one of the following is implied by a " lead time " service level of 95 percent?

• A)Approximately 95 percent of demand during lead time will be satisfied.
• B)The probability is 95 percent that demand during lead time will not exhaust the inventory.
• C)The probability is 95 percent that demand during lead time will exactly equal the amount on hand at the beginning of lead time.
• D)The probability is 95 percent that demand during lead time will not exceed the amount on hand at the beginning of lead time.

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Definitions:

Attitudinal Bias

Involves preconceived notions or judgments that influence an individual's perceptions and behaviors towards others, often leading to unfair treatment.

Fast-Track Program

A program that encourages new managers with high potential to remain with an organization by enabling them to advance more rapidly than those with less potential.

Referral Program

A systematic approach businesses use to encourage employees or customers to recommend qualified candidates for job positions or services.

High Potential

Individuals within an organization identified as having the capability to hold leadership positions and contribute significantly to its success in the future.