Manufactured uncertainty - Study guides, Class notes & Summaries

ABC classification - The classification of a group of items in decreasing order of annual dollar volume (price multiplied by projected volume) or other criteria. This array is then split into three classes [...]. The [first] group usually represents 10 percent to 20 percent by number of items and 50 percent to 70 percent by projected dollar volume. The next grouping [...] usually represents about 20 percent of the items and about 20 percent of the dollar volume. The [third] class contains 60 per...

Chapter 01, General Principles of Pharmacology 1. After teaching a group of students about the basics of pharmacology, the students will be able to choose which aspect as the most critical to remember? A) Drug name B) Drug class C) Drug action D) Drug source Answer: C Rationale: Pharmacology is the study of drugs and its action on living organisms. Thus, an essential aspect of pharmacology is drug action. An understanding of the drug name, drug class, and drug source is important, b...

which of the following things are scarce? - answer-everything that cost money the nominal interest rate is 7%. The inflation rate if 3% - answer-the real rate of interest is 4% the amount of a given input purchase by a firm depends on the: - answer-*price of finished good *prices of all other related goods *price of the input *state of technology The legislative act that established the Land Grand University System - answer-Merrill Act "Superstorm Sandy" disrupted transportation...

Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with the ype of bribery risk and scale tha...

BSCM Sample TEST. Questions and answers, 100% proven pass rate, Graded A+ Document Content and Description Below BSCM Sample TEST. 1. Which of the following demand fulfillment approaches typically provides the longest delivery time ? A) Engineer-to-order. B) Make-to-order. C) Assemble-to-order. D) Make-to-sto ck. 2. Which of the following is generally a characteristic of a product-focused layout ? A) Large queues at workstations. B) Fixed flow of work. C) Production to a work order. D) General...

All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean Marine policy? - The implied warranties are attached to the policy as an e...

PMI-ACP Exam Questions and answers, verified. 100% Accurate. ACP - -Agile Certified Practitioner Active Listening - -Focuses on understanding what is said and provides feedback to confirm understanding. Involves: Listening, Understanding, Retaining, Actively Responding. Affinity Estimation - -Technique to rapidly place user stories into similarly-sized groups. Agile Manifesto - -Four statements of the values of Agile philosophy Agile Modeling - -A representation of the workflow of...

Internet of Things (IoT) - Answer- A world where interconnected, internet-enabled devices or "things" have the ability to collect and share data without human intervention. Data - Answer- Raw facts that describe the characteristics of an event or object. Information - Answer- Data converted into a meaningful and useful context. I.E. Best selling product, best customer Business Intelligence - Answer- Information collected from multiple sources that analyze patterns, trends, and rel...

Global Reach - answer-international penetration of U.S. and other companies intra-firm trade - answer-MNCs managing international trade flow within themselves. Domestic Marketing - answer--domestic focus. -ethnocentric -products developed for home country customers -decisions made at headquarters Ethnocentrism - answer--a predisposition of a firm to be predominantly unconcerned with its viability worldwide and to think of its legitimacy only in its home country. -the feeling of on...

ACP exam Top Questions and answers, 100% Accurate, verified ACP - -Agile Certified Practitioner Active Listening - -In communication, the role that requires the receiver to receive and understand what is said and provide feedback to the sender Affinity Estimating - -a technique designed to rapidly estimate a large feature backlog. It uses shirt sizes, coffee cup sizes, or the Fibonacci sequence of numbers to rapidly place user stories into similarly sized groups Agile - -A set of p...