Which of the Following Activities Would Be Most Closely Associated

question 271

Multiple Choice

Which of the following activities would be most closely associated with inbound logistics?

• A) Arranging equipment on the factory floor so that materials move smoothly and efficiently from one work station to the next
• B) Evaluating various shipping methods to find the most efficient way to transport goods to the final customer
• C) Establishing a program to encourage customers to return used products to the manufacturer so materials can be recycled
• D) Working with suppliers to establish a more frequent delivery system that will enable the manufacturing firm to hold smaller inventories of parts and materials

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Definitions:

Expected Sales

Forecasted or projected revenue figures estimated from future sales over a specific period.

Flexible Budgeting

A budgeting process that allows for adjustments to budgetary allocations based on changes in actual performance, revenue, or other factors.

Sales Budget

A financial plan that estimates the revenues expected from sales over a future period.

Production Budget

An estimate of all costs associated with manufacturing a product for a set period.