Which of the Following Is Not One of the Wrong

question 57

Multiple Choice

Which of the following is not one of the wrong reasons for investing in inventory?

• A)Poor quality and material yield.
• B)Extended order-cycle times from global sourcing.
• C)Hedge against marketplace uncertainty.
• D)Specifying custom items for standard applications.
• E)Inefficient manufacturing processes.

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Definitions:

Self-serving Bias

The common tendency to attribute one's successes to personal characteristics and failures to external factors.

False Confidence

An unfounded belief in one's abilities or outcomes, which can lead to taking undue risks or making poor decisions.

Glass Ceiling Effect

An invisible barrier limiting career advancement of women and members of visible minorities.

Stereotyping

The oversimplified and generalized perception or judgment of a group of people based on common traits or attributes.