The Capability to Resist and Recover from Supply Chain Disruptions

question 53

Multiple Choice

The capability to resist and recover from supply chain disruptions is:

• A)Supply chain risk.
• B)Total cost of ownership.
• C)Supply chain resilience.
• D)Sustainability.

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Definitions:

Fixed Manufacturing Overhead

Costs in the production process that remain constant regardless of the production volume, such as rent or salaries of permanent staff.

Inventories Deferred

Inventories or stock that are postponed or delayed from being recognized in the financial statements.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold, excluding fixed overhead.

Variable Costing

Variable costing is a costing method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.