Which of the Following Is True Regarding Uncertainty and Organizations

question 63

Multiple Choice

Which of the following is true regarding uncertainty and organizations?

• A) Through proper preparation,the potential crises facing an organization can be totally eliminated.
• B) Business leaders often prepare to handle only the types of crises they've already suffered.
• C) Business leaders often do not prepare to handle any possible crises.
• D) None of these are true

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Definitions:

MRP

Material Requirements Planning, a system for inventory and production planning that ensures materials and products are available for production and delivery to customers.

Successful MRP

Refers to the effective implementation and management of Material Requirements Planning, a system for efficiently managing the manufacturing process through inventory control and production scheduling.

Bill Of Material

An exhaustive inventory of raw ingredients, parts, and assemblies needed for building, producing, or fixing a product or service.

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.