Which of the Following Describes a System in Which Suppliers

question 161

Multiple Choice

Which of the following describes a system in which suppliers deliver materials at the time they are needed and finished units are completed when customer orders need to be filled?

• A) Supply chain management
• B) Just-in-time (JIT)
• C) Enterprise resource planning
• D) Total quality management

Describe the relationship between motivation and behavior.

Identify the influence of motivation on personal decision-making and goal pursuit.

Understand the concept of homeostasis and its importance in motivation.

Acknowledge the criticism of early motivation theories and the evolution of new concepts.

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Definitions:

Absolute Advantage

The capacity for a nation, person, corporation, or area to manufacture a product or render a service at a more affordable per-unit expense than what any other party can achieve.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than other entities, leading to specialized production and trade benefits.

Toy Cars

Small-scale replicas of automobiles, typically designed for play or collection.

Dinosaur Figures

Toy replicas of dinosaurs, often used for educational or recreational purposes.