Which of the Following Is a Typical Consideration in Favor

question 40

Multiple Choice

Which of the following is a typical consideration in favor of multiple sourcing?

• A) Special tooling is required
• B) A single source supplier will have an improved commitment
• C) Avoid complacency on the part of a supplier
• D) Improved interdependency and risk sharing result from single sourcing
• E) Time to market is critical

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Definitions:

Random Sample

A selection method where each member of a population has an equal chance of being included, ensuring the sample's representativeness of the entire population.

Equal Chance

This term means having the same probability or likelihood of occurring as another event, situation, or outcome.

Statistically Significant

A term indicating that the likelihood of an observed difference or relationship happening by chance is low, typically below a pre-set threshold of probability.

P-value

A statistical measure indicating the probability that the observed data would occur by chance if the null hypothesis were true.