Which Statement Regarding Efficient Supply Chains Is Most Accurate

question 127

Multiple Choice

Which statement regarding efficient supply chains is most accurate?

• A)Efficient supply chains use common platforms and common components across several products.
• B)Efficient supply chains rely on large geographically dispersed inventory warehouses.
• C)Efficient supply chains traditionally use expensive,but faster,modes of transportation.
• D)Efficient supply chains may utilize cross-docking.
• E)Efficient supply chains emphasize economies of scale by increasing the variety of system configurations offered.

Comprehend the nature and significance of commodity money and token money.

Explain the role of banks in the money supply process.

Understand the criteria for something to function as money in an economy.

Understand the concept of glocalization and its significance in the context of globalization.

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Definitions:

Expenditures

The act of spending or disbursing money, often related to business or government transactions.

Substantial Control

Significant influence or decision-making power over the management and operational policies of an entity, typically through ownership, contractual agreements, or other means.

Employee

An individual who is hired and paid by an employer to perform specific tasks or services.

Lawful Purpose

A requirement for contracts and actions to be valid, indicating that their intentions are not illegal or against public policy.