Which Statement Is True of Supply Chain Management

question 26

Multiple Choice

Which statement is true of supply chain management?

• A) It reflects a completely employee-driven management philosophy.
• B) It enables supply chain managers to focus on pushing products down the marketing channels to consumers.
• C) It enables supply chain managers to respond quickly to sudden changes in supply or demand.
• D) It gives assembly-line employees total control of materials,processes,money,and finished products.

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Definitions:

Gasoline Tax

A levy imposed by governments on the sale of gasoline, used primarily to fund transportation initiatives.

Lump-sum Tax

A fixed tax amount not dependent on the taxpayer's income level or financial transactions.

Economic Efficiency

A state where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Incentives

Incentives are rewards or penalties that motivate individuals or entities to act in a certain way, often used to influence economic behavior and decision-making.