_____Includes the Planning, Executing, and Controlling of All Activities Involved

question 4

Multiple Choice

_____includes the planning, executing, and controlling of all activities involved in raw material sourcing and procurement, converting raw materials to finished products, and the warehousing and delivering finished product to customers.

• A) Maintenance, repair and operations (MRO)
• B) Materials requirement planning (MRP)
• C) Customer relationship management (CRM)
• D) Supply chain management (SCM)

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Definitions:

Insurance Payable

A liability account that represents amounts owed for insurance premiums that are due but not yet paid.

Proprietorship

A business owned by one individual.

Drawing

Drawing refers to the withdrawal of cash or other assets from a company by the owner(s) for personal use, decreasing the owner's equity in the business.

Decrease In Assets

A reduction in the value or amount of the assets owned by a company or individual.