The Most Recent Era in the Evolution of Operations and Supply

question 38

Multiple Choice

The most recent era in the evolution of operations and supply chain management is

• A)Internet Revolution
• B)Sustainability
• C)Globalization
• D)Quality Revolution

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Definitions:

Induced Consumption

Consumer spending that varies with income levels; as income rises, consumption increases, and as income falls, consumption decreases.

Disposable Income

The sum of money available to a person for spending and saving after they have paid their taxes.

APS

Acute Pharyngitis Score, a clinical tool used to diagnose the likelihood of acute pharyngitis being bacterial in origin. If not in a medical context, clarification is needed as APS can have multiple meanings across different domains.

Disposable Income

The disposable financial resources for households after income taxes have been paid.