Which of the Following Statements Is Not True

question 53

Multiple Choice

Which of the following statements is not true?

• A)The Volkswagen Group manages almost all of its procurement needs via the Internet.
• B)VWGroupSupply.com is an industry consortium.
• C)VWGroupSupply can be accessed by suppliers via standard Web browser software and mobile devices.
• D)The Volkswagen Group developed VWGroupSupply using technology from a number of vendors.

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Definitions:

CM Ratio

Contribution margin ratio, showing the portion of sales revenue that is not consumed by variable costs and contributes to covering fixed costs.

Fixed Expenses

Costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance premiums.

Units

A measure of quantity for items that are being produced, sold, or inventoried by a company.

Target Profit

The profit a company aims to achieve for a specific period.