The Practice of Selecting Suppliers and Giving Them Significant Responsibility

question 96

Multiple Choice

The practice of selecting suppliers and giving them significant responsibility for the design of certain components or systems of the product is called:

• A) value analysis.
• B) locus of control.
• C) presourcing.
• D) vendor-managed inventories.

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Definitions:

Hypothesis

A proposed explanation for a phenomenon, intended to be tested through experimentation or observation.

Scientific Theory

A well-substantiated explanation of some aspect of the natural world, based on a body of facts that have been repeatedly confirmed through observation and experimentation.

Testable

Describing a hypothesis or theory that can be examined through experimentation or observation to determine its validity.

Well Established

Something that is firmly grounded, widely recognized, and reputable in its field or area.