Electronic Data Interchange and Internet Systems Have Which of the Following

question 100

Multiple Choice

Electronic Data Interchange and internet systems have which of the following advantages:

• A) They work well as part of JIT and built-to-order systems
• B) Inventories may be reduced or eliminated
• C) Head offices can read demand signals easily
• D) Deliveries can be tracked through to the customer
• E) All are advantages

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Definitions:

Mutually Exclusive

Refers to events that cannot occur at the same time.

P(C)

The probability of occurrence of event C.

Classical Method

A traditional approach in statistical inference focusing on hypothesis testing and estimation based on fixed sample sizes.

Probabilities

Measures of how likely it is for an event to occur, represented as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.