Which of the Following Is Normally a Major Activity of Materials

question 4

Multiple Choice

Which of the following is normally a major activity of materials management?
I. Manufacturing planning and control.
II. Physical supply/distribution.

• A) both I and II
• B) neither I nor II
• C) I only
• D) II only

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Definitions:

Closely Held Corporation

A corporation that has a small number of shareholders, often characterized by its lack of public trade on stock exchanges and its tight-knit management.

Corporate Property

Assets owned by a corporation, which can include real estate, machinery, intellectual property, and other tangible and intangible assets.

Durable Power of Attorney

A legal document that grants a designated person the authority to make financial and/or health care decisions on behalf of someone else, even if the grantor becomes incapacitated.

Incapacity

The lack of legal ability to perform an act, such as entering into a contract due to mental disability or minority.