Supply's Involvement in Transportation Decisions Is

question 16

Multiple Choice

Supply's involvement in transportation decisions is:

• A) insignificant and declining due to the growth of supply chain management.
• B) growing due to the increase in the number of railroads and trucking companies throughout the world..
• C) growing due to the deterioration of roads, bridges, and highways in North America.
• D) declining due to the growth of outsourcing transportation decisions to third party logistics providers.
• E) growing in terms of direct functional responsibility and cross-functional efforts to devise solutions with logistics services providers.

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Definitions:

Self-interest

The pursuit of personal gain or advantage, whether economic, psychological, or physical.

Command System

A method of organizing an economy in which property resources are publicly owned and government uses central economic planning to direct and coordinate economic activities; socialism; communism. Compare with market system.

Central Planning

An economic system where the government or a central authority makes all decisions about the production and allocation of goods and services.

Economic Profits

The surplus generated when total revenues exceed the total costs (including both explicit and implicit costs) of production, reflecting a return beyond the normal profit level.