Without Affecting Their Ability to Meet Customer Demand,some Companies Have

question 70

Multiple Choice

Without affecting their ability to meet customer demand,some companies have found they can reduce inventory levels by using a just-in-time system as much as

• A)5% to 10%.
• B)20% to 25%.
• C)35% to 40%.
• D)50% to 60%.

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Definitions:

Alternate-form Reliability

A measure of consistency where two versions of a test that are considered equivalent are given to the same participants at different times to assess consistency of scores.

Internal Consistency

A measure used to evaluate the reliability of a test or scale, indicating how well the various items assess the same characteristic.

Split-half Reliability

A measure of consistency where a test is divided into two parts and the scores from each half are compared to assess the test's reliability.

Coefficient Alpha

A statistic that is used to measure the internal consistency or reliability of a psychometric instrument.