Order Cycle Time Refers to

question 50

Multiple Choice

Order cycle time refers to

• A)the time between when an order is placed and when payment is received.
• B)the time between the sale of the first production batch to the sale of the next production batch.
• C)the cycle between one full warehouse shipment to the next full warehouse shipment.
• D)the time between the ordering of an item and when it is received and ready for use or sale.
• E)the average time between reorders by a given wholesaler or retailer in the marketing channel.

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Definitions:

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points around their mean average.

Fixed-Interval

In the context of psychological reinforcement, it refers to a schedule where rewards are given after a fixed time period has elapsed, assuming a correct response is made.

Random-Interval

A timing schedule in operant conditioning where reinforcements are given at unpredictable intervals.

Variability

The extent to which data points in a statistical distribution or data set diverge from the average value.