In a Supply Chain Management (SCM)system,which of the Following Is

question 78

Multiple Choice

In a supply chain management (SCM) system,which of the following is used by a traditional electronic data interchange (EDI) to transmit documents over the Internet?

• A)Proprietary protocols and networks
• B)Privacy protection and data security
• C)Physical and logical view
• D)Patented data structure and operations

Understand and explain the principle of utility maximization and how it relates to choices between different bundles of goods.

Interpret and construct indifference curves for given utility functions.

Apply mathematical and graphical methods to analyze consumer behavior under different pricing and income scenarios.

Evaluate the effects of price changes on consumer demand and utility.

---

Definitions:

Realistic Job Previews

A technique used in the employee selection process that provides potential candidates with a true picture of what performing the job would be like to reduce turnover and ensure a good fit.

Timely Feedback

Prompt and relevant responses or evaluations provided soon after the occurrence of an action, intended to enhance understanding or performance.

Yield Ratios

Metrics used in recruitment to evaluate the effectiveness of the hiring process by comparing the number of applicants at various stages of the process to the number hired.

Cost Per Hire

A metric that calculates the total expenses involved in acquiring a new employee, including advertising, recruiting, and onboarding costs.