Modern Supply Chains Simultaneously Pursue the Goals of High-Quality,fast Response,and

question 49

Multiple Choice

Modern supply chains simultaneously pursue the goals of high-quality,fast response,and low cost because customers nowadays want both high levels of quality and responsiveness.A key manufacturing philosophy that emphasizes waste elimination and minimizing inventories to expose problems is:

• A) Just-in-time
• B) Quick Response
• C) Efficient Consumer Response
• D) Total Quality Management

---

Definitions:

T-distribution

A probability distribution used in statistics that arises when estimating the mean of a normally distributed population in situations where the sample size is small and the population standard deviation is unknown.

Standard Normal Distribution

Normal distribution measured in standard deviation units with a mean equal to 0 and a standard deviation equal to 1.

Sampling Distribution

The distribution pattern of probabilities for a certain statistic obtained through random sampling.

Alpha (α)

Probability of a statistic used to make the decision whether to reject the null hypothesis.