Which of the Following Is a Primary Function of Materials

question 8

Multiple Choice

Which of the following is a primary function of materials management?

• A)It enables firms to manage volumes of returned product efficiently while minimizing returns-related costs and maximizing the value of the returned assets to the firms in the supply chain.
• B)It orchestrates the movement of goods,services,information,and other materials from manufacturer to end user.
• C)It includes the group of activities that facilitates the joint development and marketing of new offerings among a group of supply chain partner firms.
• D)It encompasses the sourcing and procurement operations,signaling when raw materials will need to be replenished for the production of more goods.

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Definitions:

Winner's Curse

A phenomenon often seen in auctions where the winning bid exceeds the intrinsic value or true worth of an item, leading to a loss for the winner.

IPO Underpricing

The phenomenon where new shares of a company are sold to the public at a price lower than the market price after they start trading.

Underwriter

A financial specialist who evaluates the risks involved in a financial transaction, typically insurance or the issuing of new securities, and decides the terms under which the transaction can be offered.

Firm Commitment Underwriting

Underwriter buys the entire issue, assuming full financial responsibility for any unsold shares.