A Company's Suppliers,supplier's Suppliers,and the Processes for Managing Relationships with Them

question 13

Multiple Choice

A company's suppliers,supplier's suppliers,and the processes for managing relationships with them is the

• A)supplier's internal supply chain.
• B)external supply chain.
• C)upstream portion of the supply chain.
• D)downstream portion of the supply chain.
• E)onstream portion of the supply chain.

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, representing the asset's expense.

Capital Lease

A lease agreement that is considered a purchase of the asset for accounting purposes because it transfers substantially all risks and rewards of ownership to the lessee.

Ordinary Gain

A profit resulting from business operations or the sale of assets, excluding extraordinary items and discontinued operations.

Extraordinary Gain

A gain resulting from events or transactions that are both unusual in nature and infrequent in occurrence, separated from regular business operations.