The Supply Function Can Play a Central Role in Environmental

question 10

Multiple Choice

The supply function can play a central role in environmental sustainability in the following area(s) :

• A)gathering data and managing suppliers to support compliance with regulations.
• B)communicating environmental sustainability expectations to suppliers.
• C)measuring suppliers' environmental sustainability performance.
• D)gathering data and managing suppliers to support compliance with regulations and communicating environmental sustainability expectations to suppliers.
• E)gathering data and managing suppliers to support compliance with regulations,communicating environmental sustainability expectations to suppliers and measuring suppliers' environmental sustainability performance.

---

Definitions:

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor, in contrast to fixed costs, which remain constant regardless of output levels.

Long-Run Average Total Cost Curve

A graphical representation that shows the lowest cost at which a firm can produce any given level of output in the long run, when all inputs are variable.

Output

Output refers to the amount of goods or services produced by a firm or economy within a certain period.

Physical Capital

Consists of tangible, man-made objects that a business uses to produce goods or services, such as buildings, machinery, and equipment.