Which One of the Following Statements Is True About Vendor-Managed

question 36

Multiple Choice

Which one of the following statements is true about vendor-managed inventory (VMI) ?

• A)VMI is a form of outsourcing.
• B)VMI often increases the bullwhip effect.
• C)VMI is used only in responsive supply chains.
• D)VMI is identical to contract manufacturing.

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Definitions:

Imaginary Audience

The belief that others around us are as concerned with our thoughts and behaviors as we are; one aspect of adolescent egocentrism.

Self-Conscious

An acute awareness of oneself, one's appearance, or one's actions, often leading to feeling overly concerned with how one is perceived by others.

Personal Fable

A cognitive distortion experienced by adolescents, leading them to believe they are unique and invincible.

Traffic Rules

Regulations established by authorities to ensure safe and efficient movement of vehicles and pedestrians on roads.