A Company Plans to Implement a New Software Application for Inventory

question 195

Multiple Choice

A company plans to implement a new software application for inventory optimization. Which of the following actions will most likely reduce the implementation time?

• A) Purchase the new software and host it on secure cloud servers
• B) Develop the new software in-house and purchase additional hardware
• C) Purchase the new software and customize it
• D) Integrate the new software with supply chain partners

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Definitions:

Uncorrelated

Refers to two or more variables that do not have any predictive relationship with each other.

Negatively Correlated

A relationship between two variables in which one variable increases as the other decreases.

Positively Correlated

A term describing two variables that move in the same direction, such that when one variable increases, the other also increases.

Securities' Returns

The profit or loss generated on a security over a particular period, usually expressed as a percentage.