If You Conclude That Your Findings Yield a 50 in 1,000

question 47

Multiple Choice

If you conclude that your findings yield a 50 in 1,000 chance that differences were not due to the hypothesized reason, what is the corresponding p value?

• A).01
• B).05
• C).10
• D).20

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Definitions:

Supply Chain

A network of entities, including suppliers, manufacturers, and retailers, involved in the production, transportation, and distribution of goods from raw materials to final consumers.

Just-In-Time

A supply chain and inventory management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.

Supply Chain Orientation

A management philosophy that guides the actions of company members toward the goal of actively managing the upstream and downstream flows of goods, services, finances, and information across the supply chain.

Logistics Approach

An overarching strategy in managing the complete process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods from origin to consumption.