Which Term Refers to Inaccurate or Distorted Demand Information Created

question 70

Multiple Choice

Which term refers to inaccurate or distorted demand information created in the supply chain?

• A) Battle axe effect
• B) Cobra effect
• C) Bullwhip effect
• D) Lasso effect
• E) Whirlpool effect

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Definitions:

Overconfidence

A cognitive bias where an individual's subjective confidence in their judgments is greater than the objective accuracy of those judgments.

Stockbrokers

Professionals who buy and sell stocks and other securities for clients in exchange for a fee or commission.

Market Average

A statistical measure that represents the overall movement of a specific set of stocks, indicating the general health of the stock market.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method or decision.