Question: For the following statements, please indicate whether each is Correct or incorrect? For the incorrect statements, please correct the statement. Hint: Please focus on bold

For the following statements, please indicate
For the following statements, please indicate whether each is Correct or incorrect? For the incorrect statements, please correct the statement. Hint: Please focus on "bold" part and if you state that the statement is incorrect, replace the "bold" part with the correct version. Each part is (2 pts). a. "Maxmin" is known as a "pesimistic" decision-making rule. Correct/Incorrect? If incorrect, write the correct version. b. The critical path of a network is the "path with the least number of tasks Correct/Incorrect? If incorrect, write the correct version. C. As the order quantity for a single-season demand model increases, the cycle service level (probability or not stocking out) increases. Correct/Incorrect? . If incorrect, write the correct version. d. "Expected Value of Maximax" is how much money should a firm be willing to spend to obtain a perfect market forecast Correct/Incorrect? if incorrect, write the correct version. e. "Juda" is the Japanese term used to describe continuous improvement efforts. Correct/Incorrect? If incorrect, write the correct version. 6 LG

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