To Minimize Costs While Maximizing Value for End Users, Argon

question 21

Multiple Choice

To minimize costs while maximizing value for end users, Argon Inc., a consumer electronics company, manages all the activities related to the transformation of individual components into products for the end users internally. Given this information, it can be said that Argon is most likely engaged in _____.

• A) human resources management
• B) financial management
• C) supply-chain management
• D) marketing management

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Definitions:

FICO Scores

A type of credit score created by the Fair Isaac Corporation, used by lenders to assess an individual's credit risk.

Debit Card

A card that acts like an electronic check and is not a credit or charge card; with each purchase, the amount is deducted from a checking account; purchases may not exceed the balance in the account.

Charge Card

A special type of credit card where the monthly bills for all purchases must be paid in full and there is no interest charged.

Truth-in-Lending Act

A U.S. federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost.