The Challenge to Develop and Sustain an Efficient and Effective

question 28

Multiple Choice

The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which of the following is not included in them?

• A) Complexity
• B) Inventory deployment
• C) Inventory carrying costs
• D) Technology

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aims to ensure transparency and comparability of financial statements globally.

Expenses

Outflows of resources or incurring of liabilities from a company's operations, including costs for materials, labor, and overhead required to generate revenue.

GAAP

Generally Accepted Accounting Principles, which are a standardized set of accounting rules, procedures, and conventions for reporting financial information.

IFRS

International Financial Reporting Standards are worldwide guidelines for accounting, utilized in the creation of financial statements.