A Difference Between Efficient Supply Chains and Responsive Supply Chains

question 18

Multiple Choice

A difference between efficient supply chains and responsive supply chains is that responsive supply chains _____.

• A) focus on flexibility and responsive service
• B) focus on maximizing efficiencies in process flow
• C) seek to balance capacity and demand, resulting in low levels of inventory
• D) seek to minimize cost of routing products from factory to customers

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate periods.

Debt Investments

Investments in bonds or other debt securities where the investor lends money to an entity in exchange for interest payments and the return of principal.

Accrued Annual Interest

Interest that has been incurred but not yet paid over a year, representing a liability for the borrower.

Sold Bonds

The action of issuing bonds to investors, raising capital by incurring long-term debt.