Operations Typically Differ in Terms of Volume of Output, Variety

question 11

Multiple Choice

Operations typically differ in terms of volume of output, variety of output, variation in demand or the degree of 'visibility' (i.e. customer contact) that they give to customers of the production
Process. Please match the following element with the most appropriate of the above dimensions.
Flexibility is most closely matched to:

• A) Variety
• B) Visibility
• C) Volume
• D) Variation

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Definitions:

Carbon Allowances

Permits that allow the holder to emit a certain amount of carbon dioxide or other greenhouse gases, often used in cap-and-trade systems to reduce emissions.

Cap and Trade

An environmental policy tool that sets a limit on emissions and allows businesses to buy and sell permits for a certain amount of emissions, encouraging reduction in pollution.

Sustainability Supply Chains

Supply chains designed and managed to meet current needs without compromising the ability of future generations to meet their needs, focusing on environmental, social, and economic sustainability.

Cap and Trade

An environmental policy tool that sets a limit (cap) on emissions and allows entities to buy and sell permits for emissions under that cap.