Which of the Following Primarily Involve Long-Term Sourcing

question 79

Multiple Choice

Which of the following primarily involve long-term sourcing?

• A) e-distributors and exchanges
• B) e-distributors and industry consortia
• C) e-procurement Net marketplaces and exchanges
• D) e-procurement Net marketplaces and industry consortia

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Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Poisson Approximation

A statistical technique used to approximate the probability of a given number of events happening in a fixed interval of time.

Probability

A statistical measure that quantifies the likelihood of an event occurring, ranging from 0 (impossible) to 1 (certain).

Normal Model

A normal model is a statistical distribution that is symmetric, bell-shaped, and describes how different variables are distributed, assuming that most occurrences take place around the mean.