Organizational Objectives and Supply Objectives Typically Are Expressed

question 9

Multiple Choice

Organizational objectives and supply objectives typically are expressed:

• A) differently, making it difficult to translate organizational objectives into supply objectives.
• B) differently, providing the supply manager multiple opportunities to tap into organizational resources.
• C) the same survival, growth, financial, and environmental), making it easy to translate organizational objectives into supply objectives.
• D) the same factors quality, quantity, price, delivery and service), but long-term at the organizational level and short-term at the supply level.
• E) in ways that are very specific to the organization, making it difficult to convey objectives to suppliers.

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Definitions:

Perfect Information

Refers to a situation where all relevant data and outcomes are fully known to all parties involved.

Expected Value

The weighted average of all possible outcomes of a random variable, considering the probabilities of each outcome.

Decision Table

A tool used in both computing and decision analysis, indicating actions to be taken based on various conditions.

Conditional Value

The value of an asset, item, or scenario that depends on the fulfillment of certain conditions or the occurrence of specific events.