With Respect to Net Profit Margin,the Most Relevant Categories for Logistics

question 11

Multiple Choice

With respect to net profit margin,the most relevant categories for logistics managers to consider are:

• A)sales,costs of goods sold,and asset turnover.
• B)accounts receivable,costs of goods sold,and total expenses.
• C)sales,costs of goods sold,and total expenses.
• D)inventory,accounts receivable,and total expenses.

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Definitions:

Monte Carlo Simulation

A computational technique used to model the probability of different outcomes in a process that cannot easily be predicted due to the intervention of random variables.

Standard Distribution

Often refers to a probability distribution that is used to represent the dispersion of a set of data around its mean, typically assumed to be a normal distribution.

Monte Carlo Simulation

A computational algorithm that uses repeated random sampling to obtain numerical results, often used to model the probability of different outcomes in a process that cannot easily be predicted due to the intervention of random variables.

Demand During Lead Time

The total customer demand for a product during the period it takes to reorder and receive a new supply.