The Rational for Utilizing Supply Chain Visibility Is That

question 44

Multiple Choice

The rational for utilizing supply chain visibility is that:

• A)businesses need employee incentives.
• B)firms need to utilize detail contracts.
• C)transaction information is valuable.
• D)spreadsheets perform the necessary work effectively.
• E)a supplier will be more reliable.

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Definitions:

Reserve Requirement

The minimum amount of cash reserves a commercial bank must hold.

Capitalism

An economic system in which factors of trade and production are controlled by private owners rather than by the state.

Socialism

A collective form of government in which the means of production and the distribution of production are owned collectively by the community as a whole.

Communism

A political system characterized by collective ownership of the factors of production and allocation of goods and services to workers according to their needs, argue for revolutionary means to establish a communal society.