Ordering Large Quantities of Goods from Suppliers on an Infrequent

question 63

Multiple Choice

Ordering large quantities of goods from suppliers on an infrequent basis is associated with which cause of the bullwhip effect?

• A) Demand forecast updating
• B) Price fluctuations
• C) Order batching
• D) Rationing and shortage gaming

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Definitions:

Perception

The process by which individuals interpret sensory information to give meaning to their environment.

Haptic Senses

The perception of touch and sensation through skin, muscles, tendons, and joints, enabling the ability to feel physical objects.

Perceptual Process

The series of steps that begins with stimuli in the environment and leads to the perception of that stimulus, involving selection, organization, and interpretation of sensory input.

Exposure

refers to the state of being subject to an influencing factor or environment, often relating to the amount of light in photography, the spread of disease, or the risk factor in finance.