After Installing an Electronic Data Interchange,Kay Jewelers Was Able to Reduce

question 13

Multiple Choice

After installing an electronic data interchange,Kay Jewelers was able to reduce ___________,the amount of time between the recognition that an order needs to be placed and the arrival of the needed merchandise.

• A) quick time
• B) latency
• C) lead time
• D) currency float time
• E) supply chain conflict time

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Definitions:

Theories

Systematic frameworks for explaining and predicting phenomena, often formulated as principles or statements that seek to understand how something works.

Observations

The act of noticing and noting something with instruments or the senses, often as part of a research process.

Theories

General principles or explanations about how various economic, social, or scientific phenomena operate.

Experiments

Controlled procedures carried out to investigate the effects of specific variables on a subject under study.