The Traditional Midpoint of the Distribution of IQ Scores Is

question 317

Multiple Choice

The traditional midpoint of the distribution of IQ scores is 100. Because of the Flynn effect or "rising curve" effect, this midpoint ______.

• A)had to be moved up to 128 to accommodate improved test performance since 1910
• B)has to be moved down by about 3 points per decade
• C)remains at 100, but the IQ score distribution has to be recalibrated upward periodically
• D)is no longer at the exact centre of the distribution

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Definitions:

Bullwhip Effect

The phenomenon where variations in demand cause increasingly larger fluctuations in the supply chain, often leading to inefficiency and excess inventory.

Vendor Managed Inventory

A supply chain agreement where the supplier assumes the responsibility of managing inventories and stock replenishment for the customer.

Continuous Replenishment Systems

A logistical strategy whereby inventory is continuously monitored and replenished to maintain optimal levels at all times.

VMI System

A collaborative strategy where suppliers take responsibility for managing inventory levels at the customer's site, often improving supply chain efficiency and reducing stocking costs.