The Word Cost-Effective as It Relates to the Definition of Logistics

question 271

Multiple Choice

The word cost-effective as it relates to the definition of logistics management implies that

• A)while it is important to drive down logistics costs, all channel members must equally benefit financially or the chain will not function effectively.
• B)speed of delivery must be measured against increased savings.
• C)while it is important to drive down logistics costs, customer buying requirements must be a part of the equation.
• D)the need for multiple carriers always results in lower profit margins and therefore should be avoided.
• E)the choice of intermediaries should be made on their ability to perform their tasks efficiently even if additional costs must be passed on to the consumer.

Understand the historical development and ideological differences between major US political parties.

Evaluate the impact of economic, social, and political factors on voting patterns and party identification.

Analyze the role and impact of third parties within the US political system.

Understand the significance of independent voters and their influence on election outcomes.

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Definitions:

Inventory Period

The typical duration required for a firm to convert its stock into revenue.

Accounts Receivable Turnover

A financial metric that measures how often a company collects its average accounts receivable balance in a period.

Accounts Payable Turnover

A financial ratio that measures the rate at which a company pays off its suppliers by dividing total purchases by average accounts payable for the period.

Cash Surplus

A situation where a business or individual's income exceeds its expenditures, resulting in available cash for saving or spending.