Supplying Operations with Parts and Materials, Performing Work on Products

question 60

Multiple Choice

Supplying operations with parts and materials, performing work on products, and/or performing services are part of the firm's

• A)division of labor.
• B)market development.
• C)outsourcing.
• D)external process orientation.
• E)internal supply chain.

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Definitions:

Discount Rate

The discount rate applied in the discounted cash flow method to calculate the current value of future cash flows.

Tax Rate

The rate at which a person or company is charged taxes by the state.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful lifespan.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or investment.