Which of the Following Is One of the Business Areas

question 13

Multiple Choice

Which of the following is one of the business areas of supply chain management?

• A) Logistics
• B) Procurement
• C) Materials management
• D) All of these

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Definitions:

Defined Contribution Plan

A retirement plan in which the employer, employee, or both make contributions on a regular basis, but the final amount received by the employee depends on the plan's investment performance.

Projected Benefit Obligation

An actuarial calculation of the present value of future pension benefits earned to date by employees, based on expected salary increases.

Vested Benefits

Employee benefits (such as pension plans) that are fully entitled to the employee, not contingent on further employment.