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:

Societal Responsibility

The obligation of organizations to act in ways that benefit society at large, beyond their own interests or profitability.

Ecological Environment

The complex of biological, chemical, and physical factors that act upon an organism or an ecological community and ultimately determine its form and survival.

General Public

The larger community of people in society who are not segmented by any specific interest or profession; the broad population.

Profit Responsibility

The obligation of an organization or individual to achieve financial gain while considering ethical and social impacts.