These Are Supply Chains That Utilize Strategies Aimed at Being

question 67

Multiple Choice

These are supply chains that utilize strategies aimed at being flexible in the face of the changing and diverse needs of the customers.

• A) Efficient supply chains
• B) Risk-hedging supply chains
• C) Responsive supply chains
• D) Agile supply chains
• E) Vendor-managed supply chains

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Definitions:

Cash Payments Journal

A journal used in accounting to record all payments made by a company, including expenses and purchases.

Accounts Payable

Liabilities or amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Double Entry System

An accounting method where every transaction is recorded in at least two accounts, ensuring the accounting equation remains balanced.

Technological Advances

Refers to the progress in technology which enhances productivity, efficiency, and innovation in various fields.