The Following Table Shows the Rate of Oil Consumption (In

question 12

Multiple Choice

The following table shows the rate of oil consumption (in thousands of barrels per year) by a certain city. Estimate the total consumption of oil by the city from 1999 -2004 by using 5 equal subdivisions and left-hand endpoints to estimate the area under the graph that corresponds to the table from 1999 to 2004. ​ ​

• A)17.708 thousand barrels
• B)16.656 thousand barrels
• C)16.812 thousand barrels
• D)17.606 thousand barrels
• E)15.733 thousand barrels

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Definitions:

Chase Strategy

A management approach where production meets the exact demand for goods, reducing inventory costs by producing only what is needed.

Aggregate Planning

A process in supply chain management that develops, analyzes, and maintains a preliminary, approximate schedule of the overall operations of an organization.

Overtime

Additional hours worked by an employee beyond their normal working hours, typically compensated at a higher pay rate.

Subcontracting

The practice of hiring an outside party to perform services or create goods that are typically done in-house.