To Be a Walmart Supplier,a Firm Must Be Able to Deliver

question 64

Multiple Choice

To be a Walmart supplier,a firm must be able to deliver its products to Walmart distribution centers within a 15-minute window.If the driver arrives before or after the scheduled window,the supplier will be turned away and fined.Walmart's insistence on choosing a supplier based upon its ability to provide on-time delivery is an example of a(n)

• A)supplier value dimension.
• B)derived demand factor.
• C)evaluative criterion.
• D)external performance measure.
• E)organizational buying criterion.

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Definitions:

Activity Variance

Activity variance calculates the difference between the planned quantity of activity and the actual quantity, analyzing the impact on costs and operational efficiency.

Direct Labor

The wages and benefits paid for the labor directly involved in the production of goods or services.

Budgeting

The method of devising a strategy for allocating your finances, detailing an entity's economic and functional objectives.

Activity Variance

The difference between planned activity levels and actual activity levels in budgeting and accounting.