Local Optimization Is a Supply-Chain Complication Best Described as

question 132

Multiple Choice

Local optimization is a supply-chain complication best described as

• A) optimizing one's local area without full knowledge of organizational needs
• B) obtaining very high production efficiency in a decentralized supply chain
• C) the prerequisite of global optimization
• D) the result of supply chains built on suppliers with compatible corporate cultures
• E) the opposite of the bullwhip effect

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Definitions:

Relevance

The quality of information that makes it useful for decision-making, implying that the information has the ability to influence the decisions of its users.

Future Events

Instances or occurrences that have not yet happened but are expected or anticipated to occur.

Adjusted Trial Balance

A trial balance taken after adjusting entries have been posted, showing the balances of all accounts including the adjustments for accruals and deferrals.

Adjusting Entries

Journal entries made at the end of an accounting period to update revenue and expense accounts and ensure that the financial statements reflect the accurate financial situation.