In Addition to Merchandise and Payments, Information Flows Throughout a Supply

question 77

Multiple Choice

In addition to merchandise and payments, information flows throughout a supply chain. Which of the following is NOT a good characterization of the flow of information in a supply chain?

• A) A manufacturer will send and receive information from buyers, stores, and distribution centers.
• B) Stores will send and receive information from manufacturers, buyers, distribution centers, and customers.
• C) Distribution centers will send and receive information from stores and manufacturers.
• D) Customers will send and receive information from stores and manufacturers.
• E) Buyers will send and receive information from stores and manufacturers.

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Definitions:

Utility

An economic term that represents the satisfaction or pleasure individuals gain from consuming goods or services.

Risk Neutral

A situation or attitude wherein an individual or entity is indifferent to risk when making investment decisions, caring only about the expected outcome.

Income Potential

The maximum earnings possible for a person or entity, considering various factors like skills, market demand, and economic conditions.

Expected Value

The anticipated value of a variable, computed as the sum of all possible values each multiplied by the probability of its occurrence.