Items in This Category May Be Reported Either by Themselves

question 47

Multiple Choice

Items in this category may be reported either by themselves or with other non-operating items.

• A)Income from discontinued operations
• B)Income from extraordinary items
• C)Income from unusual or infrequent events
• D)Corporate income taxes

Recognize the role of communication in logistics and its impact on monitoring service and anticipating future needs.

Comprehend the definitions and significance of order cycle time in logistics.

Identify the components and advantages of an efficient consumer response system within supply chains.

Understand the principles and benefits of vendor-managed inventory programs.

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Definitions:

Automated System

A setup or process where tasks are performed with minimal human intervention, often through the use of technology or machinery.

Internal Control

A process designed to provide reasonable assurance regarding the achievement of objectives in effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations.

Cash Disbursements

The payment of cash by a business for its operational expenses, vendor invoices, and other liabilities.

Major Expenditures

Large amounts of money spent on significant aspects of business operations, such as purchasing assets, research and development, or significant repairs.