Reverse Logistics Refers to

question 233

Multiple Choice

Reverse logistics refers to

• A)the collection of used goods donated from to nonprofit organizations by ultimate consumers to be restored,cleaned,repaired,and resold back to ultimate consumers.
• B)deconstructing products that failed to pass quality inspection standards on the production line and reusing workable parts instead of throwing out the entire unit.
• C)the process of reclaiming recyclable and reusable materials,returns,and reworks from the point-of-consumption or use for repair,remanufacturing,redistribution,or disposal.
• D)organizing a cost-effective flow of raw materials,in-process inventory,finished goods,and related information from point of origin to point of consumption to satisfy customer requirements.
• E)the donation of old or broken automobiles to nonprofit organizations that can be recycled or turned into scrap with the profits applied to the organization's operating expenses.

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Definitions:

Chi-square Distribution

A probability distribution that arises in statistics as the distribution of a sum of the squares of independent standard normal random variables.

P-value

In statistical hypothesis testing, it represents the probability of observing a test statistic as extreme as, or more extreme than, the value observed under the assumption that the null hypothesis is true.

Sample Data

Sample data refers to a subset of a population selected for measurement, observation, or questioning, to provide statistical analysis.

Matched Pairs

A study design where each subject is paired with a similar subject, or the same subject is tested under different conditions, to reduce variability in the data.