Supply Chain Managers Are Able to

question 3

Multiple Choice

Supply chain managers are able to

• A)increase their forecast accuracy as lead times increase.
• B)increase their forecast accuracy as lead times decrease.
• C)decrease their forecast accuracy as lead times decrease.
• D)decrease their forecast accuracy as lead times increase.

---

Definitions:

Pollutants

Substances introduced into the environment that cause harm or discomfort to humans or other living organisms, or damage the natural environment.

Public Goods

Goods which are both non-excludable and non-rivalrous, meaning they can be used simultaneously by more than one person and individuals cannot be effectively excluded from using them.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Nonexcludable

A characteristic of a good or service that prevents individuals who have not paid for it from being easily excluded from its use or benefit.