________ Is the Term Used to Describe the Use of Outside

question 192

Multiple Choice

________ is the term used to describe the use of outside firms to help move their goods through the supply chain.

• A) Third-party logistics
• B) Multilevel distribution
• C) External logistics
• D) Mediated distribution

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Definitions:

Net Operating Income

The profit generated from a company's core business operations, excluding deductions of taxes and interest.

Facility Expenses

Costs associated with the physical locations a business operates, including utilities, maintenance, and rent or mortgage payments.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate financial planning.

Activity Variance

Activity variance is the difference between the expected level of activity used to estimate fixed costs and the actual level of activity experienced.