The Cycle View of a Supply Chain Holds That

question 59

Multiple Choice

The cycle view of a supply chain holds that

• A) the processes in a supply chain are divided into 2 categories.
• B) the processes in a supply chain are divided into a series of activities performed at the interface between successive stages.
• C) all processes in a supply chain are initiated in response to a customer order.
• D) all processes in a supply chain are performed in anticipation of customer orders.
• E) None of the above are true.

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Definitions:

Hidden Action

A situation in principal-agent relationships where the agent's actions are not fully observable by the principal, potentially leading to agency problems.

Hidden Characteristic

A quality of a product or service that is not immediately observable to the buyer, often leading to information asymmetry in the market.

Transitive

In logic and mathematics, transitive refers to a relation where if it applies between successive pairs in a sequence, it also applies between any two members taken in order. For example, if A is larger than B, and B is larger than C, then A is larger than C.

Preferences

Indications of the choices or selections made by individuals or groups based on tastes, likes, or desires, often influencing decision-making.