A Factor That Makes It Desirable for Business Organizations to Actively

question 70

Multiple Choice

A factor that makes it desirable for business organizations to actively manage their supply chains is

• A)more potential vendors.
• B)increasing globalization.
• C)downsizing.
• D)the Internet.
• E)RFIDs.

---

Definitions:

Variable Costs

Costs that vary directly with the level of production or service output, such as materials and labor.

Budgetary Control

The process of managing a company's income and expenditure with the aim of keeping spending in line with the budget.

Actual Results

The realized outcomes or final figures of a company's financial performance or operations, often compared against budgeted or forecasted figures.

Flexible Budgets

Budgets that can be adjusted or modified according to the changes in operational activities or business volume.