The Process of Logical, Systematic Flow of Resources Throughout the Organization

question 98

Multiple Choice

The process of logical, systematic flow of resources throughout the organization is referred to as:

• A)Logistics
• B)Planning
• C)Reporting
• D)Sales forecast

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Definitions:

Variable Cost

Charges that adjust in relation to the amount of goods produced or level of enterprise activity.

Output Volume

The quantity of goods or services produced by a company, industry, or economic sector during a specified period.

Total Cost

The complete cost of producing or purchasing goods, encompassing both fixed and variable expenses.