Local Optimization Is a Supply-Chain Complication Best Described as

question 132

Multiple Choice

Local optimization is a supply-chain complication best described as

• A) optimizing one's local area without full knowledge of organizational needs
• B) obtaining very high production efficiency in a decentralized supply chain
• C) the prerequisite of global optimization
• D) the result of supply chains built on suppliers with compatible corporate cultures
• E) the opposite of the bullwhip effect

Distinguish between editing and revising in the context of document creation.

Recognize the elements of organization and layout during revision.

Identify effective strategies for reading and revising documents.

Understand when and how to correct grammatical errors in the writing process.

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Definitions:

Miller and Scholes

Refers to economists Merton Miller and Myron Scholes, noted for their contributions to the field of finance, including work on the pricing of options and corporate finance.

Nonsystematic Risk

The portion of investment risk that is unique to an individual asset or company, such as management decisions or product recalls, and can be mitigated through diversification.

Security Market Line

A graphical representation of the expected return of investments at different levels of risk, showing the relationship between risk and return in the capital asset pricing model.