According to the Textbook,how Far Ahead Do Companies Have to Plan

question 18

Multiple Choice

According to the textbook,how far ahead do companies have to plan for resource scarcity and climate volatility so they can ensure supply chain resilience?

• A)2 quarters
• B)6 to 8 quarters
• C)3 to 5 years
• D)2 or more decades

---

Definitions:

Variables

Elements, features, or factors that are likely to vary or change from one instance to another in a study or experiment.

Expected Value

The long-run average or mean value of random variables, weighted by their probabilities, representing the expected outcome of a random event.

Linear Relationship

A direct proportionality between two variables in which the change in one variable is directly proportional to the change in another, represented graphically as a straight line.

Relationship

A connection, association, or interaction between two or more variables, where changes in one variable affect the other(s).