_________________ Refers to Sourcing Materials and Knowledge Inputs from External

question 98

Multiple Choice

_________________ refers to sourcing materials and knowledge inputs from external suppliers to the point at which production begins.

• A) Outbound logistics
• B) Inbound logistics
• C) Reverse logistics
• D) Order processing
• E) Enterprise Resource Planning Systems (ERP Systems)

---

Definitions:

Expected Income

The amount of income an individual anticipates or forecasts to receive over a certain period.

Probability

A numeric evaluation representing the probability of an event taking place, where 0 signifies no chance and 1 signifies certainty.

Expected Income

The weighted average of all possible income outcomes, where the weights are the probabilities of each outcome occurring.

Probability

A measure of the likelihood of a particular event or outcome, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.