Cost Prevention Benefits

question 12

Multiple Choice

Cost prevention benefits:

• A)Represent a one-time reduction in financial or managerial resources required to operate the logistics system
• B)Represent reduced out-of-pocket or variable expenses
• C)Represent initiatives to reduce sales volumes
• D)Represent initiatives to reduce activities in areas where cost drivers are increasing

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Definitions:

Economic Report

A document or publication that provides information and analysis about the economic conditions or trends.

Federal Budget

The government's estimate of revenue and spending for a fiscal year.

Urban Welfare Payments

Financial support provided by government programs to individuals and families in urban areas, aimed at helping them meet basic needs.

Budget Deficit

A financial situation where an entity's expenditures exceed its revenues over a specified period, prompting borrowing or use of saved reserves.