The Value Chain Is the Sequence of Business Functions in Which

question 48

Multiple Choice

The value chain is the sequence of business functions in which

• A)value is deducted from the products or services of an organization.
• B)value is proportionately added to the products or services of an organization.
• C)rational experimentation is performed to enhance product compatibility.
• D)products and services are evaluated with respect to their value to the supply chain.
• E)usefulness is added to the products or services of an organization.

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Definitions:

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A quantitative measure that describes the magnitude of the relationship between two or more variables.

Degrees of Freedom

The tally of different values or quantities that can be given to a statistical distribution.

P Value

The probability of obtaining test results at least as extreme as the ones observed during the test, assuming that the null hypothesis is true.