One Type of Demand Fluctuation Is Caused by Random Variation

question 33

Multiple Choice

One type of demand fluctuation is caused by random variation. What is random variation?

• A) Errors in inventory management
• B) Errors not caught by using exponential smoothing
• C) A development that cannot normally be anticipated
• D) Failure to properly execute the SO&P process plan

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Definitions:

Voice

In a workplace context, voice refers to the means by which employees express opinions, concerns, or suggestions to influence decision-making processes.

Image Handling

The process of managing and influencing public perceptions of an organization, product, or individual through various communication strategies.

Data Handling

The process of collecting, storing, processing, and managing data.

Extranets

Private networks that use Internet technology to share part of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.