An Electrical Appliance Will Not Work Unless Component QK Does

question 2

Multiple Choice

An electrical appliance will not work unless component QK does.Component QK's reliability is 0.95.Every other part of the appliance is 100% reliable.What would the reliability of the appliance be if a backup QK were added?

• A).95
• B).9975
• C).9025
• D).9205
• E).9795

Identify the role of intermediaries in simplifying buyer-seller relationships.

Understand the strategic decisions involved in offshoring production facilities.

Comprehend the significance of quantity flexibility and other contractual clauses on supply chain efficiency.

Recognize the need to consider multiple dimensions in supplier comparison and selection.

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Definitions:

Raw Material Purchases

The acquisition of the basic materials needed for the production of goods, which are typically bought from suppliers and used in the manufacturing process.

Budgeted Sales

The anticipated revenue from goods or services sold, set during the budgeting process for a specific time period.

Credit Sales

Sales made by a business where the customer purchases goods or services on credit and payment is received at a later date.

Finished Goods Inventory

The stock of completed products that are ready for sale but have not yet been sold.