In Contrast to ________ Management, Which Is Internally Oriented and Focuses

question 113

Multiple Choice

In contrast to ________ management, which is internally oriented and focuses on the efficient flow of incoming materials to the organisation, ________ management is externally oriented and focuses on both incoming materials and outgoing products and services.

• A)service chain; value chain
• B)supply chain; value chain
• C)value chain; supply chain
• D)supply chain; productivity chain
• E)value chain; productivity chain

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Definitions:

Freshmen

First-year students in a high school, college, or university.

Probability

A quantification of the probability of an event happening, indicated by a value ranging from 0 to 1, with 0 meaning the event cannot happen and 1 meaning the event is certain to happen.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the values are.

Simple Random Sample

An evenly selected portion of a wider population, with each participant having an equal opportunity to be chosen.