In a Make or Buy Decision,the Reliability of a Potential

question 101

Multiple Choice

In a make or buy decision,the reliability of a potential supplier is

• A)an irrelevant decision factor.
• B)relevant information if it can be quantified.
• C)an opportunity cost of continued production.
• D)a qualitative decision factor.

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Definitions:

Directionality

The characteristic of a relationship in statistics that indicates if one variable increases as the other variable increases or decreases.

American Psychological Association

A professional organization representing psychologists in the United States, also known for its publication standards for research.

Bar Charts

A graphical representation of data using bars of different heights or lengths to compare various categories.

Frequency Polygons

A graphical device for understanding the shapes of distributions. They are a kind of line graph that shows the frequency of a set of data.