Solved

Winston and Keesha Have Been Married for a Year and Are

question 225

Multiple Choice

Winston and Keesha have been married for a year and are starting to establish their decision-making styles as a couple. Keesha enjoys shopping and likes to browse the grocery store aisles rather than using a list. While this is time consuming, she always discovers some cool product and usually makes some unplanned purchases. Winston appreciates Keesha's efforts and tries to reciprocate by taking care of any purchases for their car or to maintain their home such as getting the oil changed, buying tools, or lawn mowing equipment. Keesha's purchases of all of the grocery items can be described as _______ decision making, while Winston's purchases for the car or home maintenance items are called ______decision making.

Distinguish between the procurement cycle, manufacturing cycle, and replenishment cycle.

Identify and describe push and pull processes in the supply chain.

Understand the components and goals of a supply chain.

Recognize the macro processes within a supply chain: CRM, SRM, and ISCM.

Definitions:

Market Value

The current quoted price at which an asset or a company can be bought or sold on the open market.

Probability-Weighted

A method that takes into account the likelihood of various outcomes, often used in financial forecasting and risk assessment to estimate future cash flows or earnings.

Time Value

The concept in finance that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Initial Value Method

The initial value method is an accounting approach used in investments where the investment is recorded and maintained at its acquisition cost, ignoring market fluctuations.