How Can a Firm Improve the Speed and Efficiency of Its

question 160

Multiple Choice

How can a firm improve the speed and efficiency of its supply-chain operations?

• A) by cultivating its upstream relationships and putting pressure on its downstream ones
• B) by sacrificing the needs of upstream members of the chain in favour of those downstream
• C) by keeping communication with suppliers to a minimum to avoid company leaks
• D) by coordinating its operations with those of other members of the chain

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Definitions:

Supporting Service Expenses

Costs incurred by a business or organization for activities that aid the operation but do not directly contribute to the main business activity.

Not-for-Profit Entity

An organization that operates for charitable, educational, cultural, religious, or other purposes serving the public interest, where profitability is not the primary goal.

Supporting Services Expenses

Costs incurred for activities that assist the core operations of a business but do not directly contribute to production.

Journal Entry

A recording in the accounting ledger that represents a single transaction and its effect on the accounts, consisting of at least one debit and one credit.