Supply Chain Management Refers to the Sequence of Suppliers and Purchasers

question 74

True/False

Supply chain management refers to the sequence of suppliers and purchasers, covering all stages of processing from obtaining raw materials to distributing finished goods to consumers.

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Definitions:

Shelter Principle

A legal concept that allows a person who receives goods in good faith without knowledge of a defect in the title to sell them with a clear title.

Holder

A party in possession of a negotiable instrument.

Bearer

An individual in possession of a negotiable instrument or security that is payable to whomever holds the document.

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument in good faith and for value, with certain protections against previous claims.