Small Changes in Consumer Demand Can Result in Large Variations

question 84

Multiple Choice

Small changes in consumer demand can result in large variations in orders placed because of the

• A)supply chain.
• B)safety stock requirement.
• C)lead time effect.
• D)bullwhip effect.
• E)FCFS scheduling.

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Definitions:

Indorses

To sign one's name on a document, especially on the back of a check or negotiable instrument, to make it payable to someone other than the stated payee or to accept responsibility.

Discharged From Liability

The release of a debtor from the obligation to repay a debt, usually following a legal process such as bankruptcy proceedings.

Dishonor

Failure to fulfill an obligation, especially the non-payment of a check or negotiable instrument when it is presented for payment.

Warranties

Legally binding promises made by a manufacturer or seller that a product or service meets certain quality and reliability standards or that certain repair or replacement conditions will be met.