Which of the Following Refers to Managing the Sequence of Suppliers

question 65

Multiple Choice

Which of the following refers to managing the sequence of suppliers and purchasers, covering all stages of processing from obtaining raw materials to distributing finished goods to consumers?

• A) Operations management
• B) Supply chain management
• C) Resource management
• D) Variation

---

Definitions:

Call Option

A fiscal arrangement allowing the buyer to purchase an asset at an agreed-upon price within a certain period, without the requirement to proceed with the purchase.

Call Premium

The amount by which the price of a call option exceeds its intrinsic value, often reflecting the time value of the option.

Put Option

An agreement in finance allowing the owner to sell a certain quantity of an underlying asset at a set price during a specific period, without being compelled to do so.

Strike Price

The pre-determined price at which the holder of an option can buy (in the case of a call option) or sell (in case of a put option) the underlying asset.