Using the Internet to Streamline Global Supply Systems ________

question 17

Multiple Choice

Using the Internet to streamline global supply systems ________.

• A)enhances the efficiency of the supply chain
• B)eliminates the reliance on local suppliers
• C)creates a vertical hierarchical structure within organizations
• D)increases fixed costs

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Definitions:

Employment

A situation in which an individual has a paid job.

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output).

Opportunity Cost

The detriment of neglecting the next optimal alternative during the process of making a decision.

Opportunity Cost

The benefit that is missed or given up when choosing one alternative over another.