In the Long Run

question 83

Multiple Choice

In the long run,

• A) some resources are fixed.
• B) output cannot be varied.
• C) all resources are fixed.
• D) all resources are variable.
• E) Both answers B and C are correct.

Grasp the concept of echelon inventory and its significance in supply chain visibility.

Understand the concepts of safety inventory and its impact on fill rate and cycle service level.

Gain knowledge about different types of fill rates and cycle service levels in supply chain management.

Identify the significance of product availability and safety inventory in volatile demand scenarios.

---

Definitions:

Negligent

Failing to take proper care in doing something, leading to damage or injury to others.

Intended Harm

Intended harm refers to injuries or damages that were willfully caused by an individual’s actions, with the knowledge and purpose of causing harm.

Strict Liability

A legal doctrine that holds an individual or entity responsible for damages or harm caused, regardless of negligence or intent.

Superseding Event

An unforeseeable event that interrupts the chain of causation and relieves all parties of liability.