Concerning Speed of Service in the Logistical System, Which of the Following

question 72

Multiple Choice

Concerning speed of service in the logistical system, which of the following is(are) accurate?

• A)The longer the delivery time, the more inventory customers must maintain to service their needs while the shipment is in transit.
• B)The slower modes of transportation involve higher variable costs for product movement.
• C)The faster modes of transportation result in the need for higher investments in inventory by customers.
• D)All of the answer choices.
• E)Both the slower modes of transportation involve higher variable costs for product movement and the faster modes of transportation result in the need for higher investments in inventory by customers.

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Definitions:

Retirement Plan

A retirement plan refers to financial strategies of saving, investment, and ultimately distribution of money meant to sustain an individual’s standard of living in retirement.

Savings Account

A bank account that earns interest on the deposited funds, designed for saving money over a period of time.

Highly Compensated Employees

Employees who receive compensation above a specific threshold set by the IRS, making them subject to different regulations for retirement plan contributions.

Qualified Status

A designation indicating that a plan, typically a retirement plan, meets the requirements set by the IRS to receive tax advantages.