Joseph Works as a Manager at a Large Manufacturing Firm

question 93

Multiple Choice

Joseph works as a manager at a large manufacturing firm known for its sustainability. He works in the procurement area. Joseph is in charge of sourcing all the necessary resources, goods, and services from their suppliers to support supply-chain members. More specifically, he is in charge of managing the processes and activities that provide value all the way from the raw materials to the final customer. A nationwide recycling program encourages consumers to send used products they no longer want back to the company. Joseph works with others in the firm to redesign these products for other uses so they can be resold. Joseph is engaging in

• A) order processing.
• B) inventory management.
• C) channel management.
• D) logistics management.
• E) supply management.

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Definitions:

Liability Account

A type of accounting ledger entry that represents a company's legal debts or financial obligations that arise during business operations.

Invoice Value

The total amount shown on an invoice that a customer must pay, including the cost of goods or services, taxes, and any additional fees.

Merchandise Returned

Goods that are sent back by the customer to the seller, usually due to defects or dissatisfaction.

Part-time Workers

Individuals who are employed in jobs that require fewer hours than a full-time position, often offering flexibility but with fewer benefits.