Supply Chain Responsiveness Includes the Ability to Do Which of the Following

question 60

Multiple Choice

Supply chain responsiveness includes the ability to do which of the following?

• A) Understand customers and supply chain
• B) Match supply chain responsiveness with the implied uncertainty of demand
• C) Meet short lead times
• D) Ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness

Determine breakeven points for businesses based on cost and revenue equations.

Compute maximum profit using given expense and revenue functions.

Interpret the relative ages of rocks and geological features.

Understand the concept of absolute versus relative age dating.

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Definitions:

Expectancy Theory

Developed by Victor Vroom to explain human behavior in terms of people’s goals, choices, and the expectation that goals will be reached.

Organizational Climate

The overarching environment and culture within a company, shaped by shared perceptions and attitudes of its employees.

Worker Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work.

Achievement Needs

Occur in people who are goal oriented and take personal responsibility for achievements.