A ________ VMS Consists of Independent Firms at Different Levels

question 61

Multiple Choice

A ________ VMS consists of independent firms at different levels of production and distribution who join together through formal agreements to obtain more economies or sales impact than each could achieve alone.

• A) corporate
• B) contingency
• C) contractual
• D) communal
• E) conventional

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Definitions:

Prediction Intervals

A prediction of the range within which future results are expected to occur, with a specified level of confidence, based on existing observations.

Confidence Interval

A series of values, derived from investigations of a sample, expected to incorporate the value of an unrevealed population parameter.

Population Mean

The average value of all the elements in a population, representing a central measure of tendency for the distribution of values.

Christmas Trees

In the oil and gas industry, an assembly of valves, spools, and fittings used on a wellhead to control the flow of oil and gas.