A Business Simulation Game That Is Used by Colleges and Universities

question 19

Multiple Choice

A business simulation game that is used by colleges and universities all over the world has students submit decisions over the Internet.Decisions are stored online,processed on the server,and then the results are stored online.They are then downloaded by students in preparation for the next round.Which one of the following diagrams represents this activity?

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Definitions:

Inventory Management

The process of ordering, storing, and using a company's inventory, including raw materials, components, and finished products.

Predictable Variability

Variations or changes in processes or systems that can be forecasted with a degree of reliability based on historical data.

Demand

The amount of a product or service that customers are willing and able to purchase at a given price in a specific market context.

Subcontracting Cost

Expenses incurred when a company contracts out work to external suppliers or vendors.