One of the Benefits of EDI Is That It Can

question 98

Multiple Choice

One of the benefits of EDI is that it can reduce cycle time,which is

• A) the time from when an RFP is announced to the time a consumer purchases the finished product.
• B) the time from when funds are committed for purchase of raw materials to the time when the payment for the finished goods is actually received.
• C) the time between when finished good leave the manufacturer until the time they arrive,floor-ready,at the retailer.
• D) the time between the decision to place an order and the receipt of the merchandise.
• E) the time between when an item is sold to a customer and when a replacement is made available for purchase by another customer.

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Definitions:

Egocentrism

Describes the inability to differentiate between one's own perspective and someone else's perspective, often observed in early childhood development.

Personal Perspective

An individual's unique way of viewing the world, influenced by experiences, beliefs, and emotions.

Toy Horse

A replica of a horse, often used as a plaything, which can help in the development of imaginative and physical skills in children.

Centration

A cognitive limitation in early childhood where a child focuses on one aspect of a situation and neglects others.