Logistics Is Concerned

question 220

Multiple Choice

Logistics is concerned

• A) with flows of materials, finished products, and information.
• B) only with the flow of information, not the flow of materials and products.
• C) with the flow of materials to the manufacturer and with the flow of finished products to the consumer, but not with the flow of information.
• D) only with the flow of finished goods from the producer to the final consumer.

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Definitions:

Corporate Tax Rate

The percentage of a corporation's profits that is taken by the government as tax.

Revenue Recognition

The process of recording and identifying revenue in the financial statements when it is earned and realizable.

Percentage-of-Completion

An accounting method used to recognize revenue and expenses of long-term projects proportionally to the project's completion level.

Revenue Recognition

The accounting principle that dictates the conditions under which revenue is recognized or recorded, primarily focusing on the timing and amount.