The Component of the Logistics Function That Directs the Focus

question 17

Multiple Choice

The component of the logistics function that directs the focus of operations is the:

• A)Operations component.
• B)Resource management component.
• C)Planning component.
• D)The sales component.

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Definitions:

Time Period Assumption

An accounting principle that the life of a business can be divided into discrete time periods, such as months and years, for reporting purposes.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell the goods, and collect cash from the sale.

Dividends Declared

A firm's announcement of the payment of a dividend to shareholders by a specified date, representing a commitment to distribute a portion of earnings.

Net Income

The net income of a company, calculated by removing all costs and taxes from the total sales.