A Program That Masquerades as a Useful Program,but Is Really

question 63

Multiple Choice

A program that masquerades as a useful program,but is really a destructive program,is a(n)

• A)worm.
• B)Trojan horse.
• C)virus.
• D)botnet.

Grasp the importance of inventory management and the impact of the supply chain on a firm's cost strategy.

Recognize the relevance of supply-chain management in service firms and the implications for outsourcing and offshoring.

Appreciate the ethical considerations and challenges in supply-chain management, particularly in a global context.

Determine how technology and innovation influence supply-chain efficiency and competitive advantage.

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Definitions:

Cash Collections

The process of gathering all receivables or cash owed by customers to a business within a specified period.

Average Collection Period

The usual number of days necessary for a firm to get payments from its buyers.

Operating Cycle

The duration of time it takes for a company to buy inventory, sell the goods, and collect the receivables from the sale.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor costs.