Supply chain inventory:
A) increases in cost as materials move downstream.
B) decreases in value as materials progress downstream.
C) increases in flexibility as materials progress upstream.
D) is governed by the bullwhip effect, which says a small change upstream can cause a large change downstream.
Answer: A
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Which of the following is an accurate description of the null hypothesis?
A) a formal statement that there is a significant difference between the hypothesized value and the value we find in our sample B) a formal statement that there is no difference between the hypothesized value and the value we find in our sample C) a formal statement that there is a slight difference between the hypothesized value and the value we find in our sample D) an informal statement that there is a large difference between the hypothesized value and the value we find in our sample E) an informal statement that there is an average difference between the hypothesized value and the value we find in our sample