Identify the Activity in the Value Chain That Involves Receiving

question 69

Multiple Choice

Identify the activity in the value chain that involves receiving and handling of raw materials and other inputs to the product.

• A) inbound logistics
• B) procurement
• C) operations
• D) outbound logistics

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Definitions:

Indirect Method

A cash flow statement presentation technique where net income is adjusted for changes in balance sheet accounts to calculate operating cash flow.

Indirect Method

A technique used in cash flow statement preparation where net income is adjusted for non-cash transactions to calculate operating cash flows.

Cash Dividends

Payments made by a corporation to its shareholder members from earnings, typically in the form of cash.

Net Income

The amount of money remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.