Which One of the Following Items Is Most Likely a Derived-Demand

question 375

Multiple Choice

Which one of the following items is most likely a derived-demand inventory item?

• A) Dog food ready to be bagged and sold.
• B) Clothes on a rack in a retail store.
• C) Cars sitting in a lot ready to be shipped by the auto manufacturer to auto dealers.
• D) Auto glass held in inventory by an auto manufacturer.
• E) Corn harvested by a corn farmer.

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Definitions:

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or a system without violating any constraining conditions.

Middle-Aged

Referring to the period in a person's life, often considered to be from about 45 to 65 years old.

Simple Linear Regression

A statistical technique that models the relationship between two variables by fitting a linear equation to observed data, with one independent variable explaining the variation in the dependent variable.

Multiple Linear Regression

An analytical approach in statistics that uses a linear equation to define how a dependent variable is related to two or more independent variables based on observed data.