Stockless Materials Management Systems Are Basically _____ Managed Inventory Systems

question 99

Multiple Choice

Stockless materials management systems are basically _____ managed inventory systems where a third party manages all or part of the supplies.

• A)marketing
• B)vendor
• C)customer
• D)accounting

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Definitions:

Standard Deviation

An assessment of the range of variation or the breadth of dispersion of data points.

Homeowners

Individuals or entities who own and usually reside in a dwelling such as a house or apartment.

Normal Distribution

A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Standard Deviation

A quantification of the scope of dispersion or difference among a set of numerical values.