Which of the Following Statements Is TRUE

question 60

Multiple Choice

Which of the following statements is TRUE?

• A)​Supply chain management was invented by the auto manufacturing industry
• B)​Strategic partnerships are seen as one of the foundations of supply chain management
• C)​Purchasing is seen as the final and most difficult step in the supply chain
• D)​Service response logistics is the digital distribution of services

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Definitions:

Coefficient of Correlation

A metric that evaluates the degree and angle of a direct correlation between two quantities.

Coefficient of Determination

A statistical measure, often denoted as R-squared, that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables using a linear equation.

Sum of Squares

A statistical measure that quantifies the total variability within a dataset, used in various statistical methods to analyze variance.