Feedforward Control Is an Approach Which

question 31

Multiple Choice

Feedforward control is an approach which

• A)always puts more resources into future operations.
• B)relies on a predictive model of processes so that errors can be anticipated and corrected for.
• C)is best illustrated by a simple temperature controlled heating system.
• D)is characteristic of traditional budgeting systems.

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Definitions:

Supply

A schedule or curve that shows the various amounts of a product that producers are willing and able to make available for sale at each of a series of possible prices during a specified period of time.

Elastic

A characteristic of a good or service indicating that its quantity demanded or supplied changes significantly when there is a change in price.

Elasticity Of Supply

A measure of how much the quantity supplied of a good changes in response to a change in price.

Shifting Resources

The process of reallocating resources from one use to another, often in response to changes in market conditions or economic priorities.