Logistics, in Its Simplest Form

question 25

Multiple Choice

Logistics, in its simplest form,

• A) is a military term, as it was developed originally to supply the battlefield.
• B) combines inbound logistics with the outbound logistics of physical distribution.
• C) is another term for transportation management.
• D) does not involve customer service or other related functions.

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Definitions:

Future Cash Flows

Estimated amounts of money expected to be received or paid out in the future due to current or planned operations or investments.

Minerals

Naturally occurring solid substances with a defined chemical composition and crystal structure, used extensively in various industries.

Intangible Assets

Non-physical assets that have value due to the rights or information they hold, such as patents, trademarks, and goodwill.

Patent

A government-granted exclusive right to an inventor, allowing them to protect their invention from being made, used, or sold by others for a certain period.