All of the Following Are Examples of the Future Focus

question 2

Multiple Choice

All of the following are examples of the future focus on supply chain performance except _____.

• A) accelerating and obtaining more innovation from suppliers
• B) focusing more and more on day-to-day tactical purchasing activities
• C) leveraging supplier capabilities and know-how to establish new sources of revenue
• D) identifying and mitigating supply risks of any kind to ensure business continuity
• E) expanding the breadth and depth of cost management efforts

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Definitions:

Wages Expense

The total cost incurred by a business for the payment of wages to employees for a specific period.

Proprietorship

A proprietorship, also known as a sole proprietorship, is a type of business that is owned and run by one individual and where there is no legal distinction between the owner and the business entity.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, to be settled over time through the transfer of economic benefits including money, goods, or services.

Owner's Equity

The total value that the owners or shareholders have invested in a company minus any liabilities.