Which of the Following Is True Regarding Sales and Operations

question 35

Multiple Choice

Which of the following is true regarding sales and operations planning (S&OP) ?

• A) Follows a time horizon of more than 24 months, with updating of the plan quarterly.
• B) Changes in facilities are the first step in the S&OP process.
• C) Management can use S&OP to lower inventories or increase flexibility.
• D) All of the above.

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Definitions:

Homogeneity

The quality or state of being uniform in composition or character; in statistics, it refers to the similarity of elements or observations within groups.

Tests of Homogeneity

Statistical tests used to determine if different populations have the same variance or other characteristics.

Binomial Populations

Populations that follow a binomial distribution, characterized by fixed number of trials, two possible outcomes, constant probability of success, and independence of trials.

Chi-square Test of Homogeneity

A nonparametric statistical test used to determine if there are significant differences between the distributions of categorical variables across different populations.