Which Statement Regarding Responsive Supply Chains Is Most Accurate

question 198

Multiple Choice

Which statement regarding responsive supply chains is most accurate?

• A)Responsive supply chains use slower modes of transportation but faster order processing.
• B)Responsive supply chains always use the least expensive mode of transportation possible.
• C)Responsive supply chains rely on large inventory warehouses.
• D)Responsive supply chains achieve economies of scale by having all inventory stored and sorted at a central location.
• E)Responsive supply chains rely heavily on information technology.

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Definitions:

Decimal Places

The amount of digits found following the decimal point in a numerical value.

Experimental Growth Model

A theoretical construct that uses empirical data to model how quantities grow over time, often nonlinearly.

Population

The entire group of individuals or items that is the subject of a statistical study.

Compounded Monthly

Refers to the process of applying interest to a principal sum so that each month's interest earnings also earn interest in subsequent months.