One Reason for Studying Operations and Supply Chain Management (OSCM)

question 23

Multiple Choice

One reason for studying operations and supply chain management (OSCM) is which of the following?

• A) OSCM is essential for understanding organizational behavior.
• B) Most business graduates do OSCM work regardless of their job title.
• C) All managers should understand the basic principles that guide the design of transformation processes.
• D) OSCM is a required course in all business degree programs.
• E) OSCM is the most rigorous business discipline.

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Definitions:

V(X + Y)

The variance of the sum of two random variables, reflecting the spread or variability of their combined distribution.

Probability Distribution

A mathematical description of the likelihood of occurrence of different possible outcomes in an experiment.

Random Variable

A variable whose outcomes are determined by a random phenomenon or process.

Probability Distribution

A mathematical function that provides the probabilities of occurrence of different possible outcomes for an event.