The Practice of Selecting Suppliers and Giving Them Significant Responsibility

question 96

Multiple Choice

The practice of selecting suppliers and giving them significant responsibility for the design of certain components or systems of the product is called:

• A) value analysis.
• B) locus of control.
• C) presourcing.
• D) vendor-managed inventories.

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Definitions:

Stem-and-Leaf Display

A graphical method of displaying quantitative data to show its shape and distribution, combining aspects of a histogram and scatter plot.

Data Set

A collection of data points or values related to a subject.

Leaf

In the context of data representation, a part of a stem-and-leaf plot representing the smallest significant digit of data points.

Stem-and-Leaf Display

A graphical method used to represent quantitative data where each data value is split into a "stem" (the leading digit(s)) and a "leaf" (the last digit).