What Is a Benefit of Having an Efficient Supply Chain

question 73

Multiple Choice

What is a benefit of having an efficient supply chain?

• A) fewer associates are needed to replenish stock
• B) planning strategy becomes more predictable
• C) more time for customer services
• D) less negotiating with vendors
• E) fewer stockouts

Analyze test scores in relation to national norms.

Calculate and understand the mode in a data set.

Calculate and understand the interquartile range.

Calculate and understand the median in a data set.

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Definitions:

Available-For-Sale Securities

Financial assets not classified as held-to-maturity or trading securities, and thus can be sold in the short term for liquidity purposes.

Fair Value

The estimated price at which an asset or liability could be traded in a fair transaction between willing parties.

Balance Sheet

A financial report that provides a snapshot of a company's financial position by listing its assets, liabilities, and equity at a particular point.

Outstanding Voting Stock

The total shares of a corporation's stock that are currently owned by shareholders, including those with voting rights.