When Using the Supply Chain Uncertainty Framework to Classify Supply

question 49

Multiple Choice

When using the supply chain uncertainty framework to classify supply chains, a supply chain for functional products with an evolving supply process is called which of the following?

• A) Efficient
• B) Forward looking
• C) Agile
• D) Risk hedging
• E) Responsive

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Definitions:

Direct Labor Cost

The total cost of labor directly involved in the production of goods or services.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Cost

The amount of spending in monetary terms incurred in the production of goods or in providing services.

Factory Overhead Cost

Factory overhead cost encompasses all indirect costs associated with the manufacturing process, including utilities, equipment depreciation, and factory personnel salaries, not directly tied to production.