Supply Chain Management Manages the Movement of Relevant Information as Well

question 171

True/False

Supply chain management manages the movement of relevant information as well as the movement of parts and finished goods through all organizations involved in the supply chain.

---

Definitions:

Cash Receipts Journal

A specialized accounting journal used to record all cash inflows or cash received by an organization.

Prepaid Insurance

An asset account representing insurance paid in advance, which will be expensed over the period it benefits.

Fees Earned

Income or revenue generated through providing services.

Creditor's Account

An account maintained to record transactions involving credit purchases or loans received, indicating the amount owed to suppliers or lenders.