Data That Can Be Used for a Variety of Purposes

question 32

Multiple Choice

Data that can be used for a variety of purposes is said to be ______.

• A) flexible
• B) economical
• C) relevant
• D) verifiable

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Definitions:

Assumptions

Premises or statements taken as true without proof for the purpose of argument or calculation in modeling and problem-solving.

Organization Has Inventory

Indicates that a business or entity maintains a stock of goods or materials for operational purposes and fulfillment of customer demands.

Decoupling

Refers to the strategy of creating independence between supply chain partners for improved flexibility and reduced dependency.