As Consumers We're Connected to an Instant Feed of Live

question 22

Multiple Choice

As consumers we're connected to an instant feed of live updates, breaking news, and messages. We believe that when we post something on social media, we will get instant feedback from friends. What is the term for our beliefs of what will occur?

• A) satisfaction
• B) expectations
• C) confirmations
• D) predictors

---

Definitions:

Safety Stock

Additional inventory kept on hand to mitigate the risk of stockouts due to unpredictable demand.

Lead Time

The amount of time it takes for an order to be fulfilled from the moment it is placed until it is received by the customer.

Kanban Size

The quantity of work or materials specified by a Kanban card, used in a pull system to control inventory and workflow.

Setup Cost

The expenses incurred to prepare equipment or processes for manufacturing an order or a batch of goods, including costs for adjusting machines, cleaning, and changing tooling.