The Supply Chain Is Also Referred to as the ________

question 43

Multiple Choice

The supply chain is also referred to as the ________.

• A) distribution chain
• B) distribution network
• C) value chain
• D) supply network

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Definitions:

Volume Variances

are differences between the expected (budgeted) volumes of production or sales and the actual volumes, impacting revenue, costs, and profits.

Budget Variance

The difference between budgeted and actual amounts for a particular accounting category.

Volume Variance

The difference between actual and budgeted sales volumes, impacting the expected revenue or costs.

Actual Fixed Manufacturing Overhead

The real, incurred fixed costs associated with the production process, excluding variable costs, within a specific timeframe.